The US Dollar index fell another 2.2% today for its biggest 6-day decline ever. As shown in the table below, the current 6-day decline of 8.07% tops the prior record decline of -7.48% set back in September of 1985. If it's not one asset falling these days, there's sure to be another.
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USSA peso, anyone feeling ill yet or scared,China is making a killing on this
Posted by: dj | December 18, 2008 at 08:04 AM
Well, it should be good for gold and silver. But as a country I think it is one more tell of the kind of rough ride we're in for over the next year or two.
Posted by: Hal | December 18, 2008 at 05:03 PM