Dow swings 1000points,
Dollar is up at 82 dollar,
Yen weaken against the dollar to 100level support for usd, always trade with a TS, FR for dollar is about 101-102, fundamental wise dollar are still going down the hole.
Hyperinflationary period might happen, wage scale might contract, unemployment are still going to increase, business will continue slowdown, before the president steps up socialism is the approach politicians are going to use to protect lobbyist!!!!!
Congress is also under the control of treasuries, social securities are going to be the next bubble, treasuries itself is also a problem, bonds are starting to implode, the confidence is being derailed to believe that it is going down confidently
Dollar is fiat, and made out of thin air, take a long term perspective and only time can tell, the decline in gold today only happen when london physical market closed, comex traders/ paper traders....or should i said manipulation in gold prices are the reason in the plummet. Pension plans are going to be in jepardy, americans are going to see some social problems later, crime rates are going to upheavel !!! I would only say buy gold in every pull back and thats what i am going to do.
Banks are continue to go bust, only social partners of the government and lobbyist are going to be protected. Be prepare to fled to save haven, if more banks are going to bust the only market we are going to have is the unemployment market and intellectual employment market, or selection of intellectual property or experts in different fields and export them to countries like china, and india.
Understand to trade the volatility, there must be a great plan, establish a level of risk tolerance and available credit to be lost incase trade moves antagonistically, and lastly trade with discipline.
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