Friday, February 8, 2013

U.S. Dollar Index


Jim Wyckoff of Kitco provides some good technical comments and charts. Above is the U.S. Dollar Index.
It may not be front page news at the moment but a currency war is underway around the world. Meanwhile, the U.S. Dollar Index is showing a series of lower highs since last November with clear critical support at 78.91. I believe that support can break by early spring and be tied in with gold moving towards $1,800

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