James Turk BlogJames Turk BlogJames Turk BlogJames Turk Blog
  • Blog
  • About
    • About FGMR
    • James Turk
    • GoldMoney
  • Books
    • The Collapse of the Dollar
    • The Money Bubble
  • Contact
Next Previous

The US dollar is ready to plummet

James Turk 22 September, 2010

September 22, 2010 – The US dollar is staring over the edge of the precipice and is ready to plummet.  Rather than hand the dollar a lifeline, the FOMC in its announcement yesterday pushed the dollar further over the edge.

The FOMC made clear that it is only a matter of time before the Federal Reserve starts pumping again.  So immediately after the FOMC announcement, the dollar fell and the precious metals rose in anticipation of the next round(s) of dollar debasement to come from the Fed’s “quantitative easing” policy.

On June 7th the US Dollar Index’s bear market rally stopped at 88.41.  It closed yesterday in New York at 80.44, a 9.0% decline in less than four months.  Yesterday’s decline also put the Dollar Index below its 200-day moving average, another important indication that the trend for the dollar has turned lower.  The dollar is renewing its long-term downtrend, as we see in the following chart.

Traders can sell short the US Dollar Index here, but there is a better opportunity for your trading capital.  Buy gold and silver.

For my specific trading recommendations, see Trading.

James Turk

More posts by James Turk

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

JAMES TURK

james_turk_blog

GOLDMONEY

GoldMoney_Inc

GET GOLDMONEY INSIGHTS

GOLD & SILVER LIVE PRICES

RECENT POSTS

  • 17 April, 2019
    0

    Heading Toward the “Tipping Point”

  • "bankruptcy 1995" revisited
    15 March, 2018
    0

    “Bankruptcy 1995” Revisited

  • 19 February, 2018
    0

    Gold’s Bull Market Enters Phase 2

FEATURED VIDEO

Categories

  • Articles
  • Briefcase
  • Gold
  • Gold News
  • Market Commentaries
  • Silver
  • Trading
  • Uncategorized

TOPICS

bitcoin bonds central banks currencies debt dollar doug casey ecb economy euro fed gold greece hyperinflation inflation markets mining stocks MMGA oil Politics QE recommended silver stock market trading Trump usd us dollar Washington

MONEY BUBBLE

the_money_bubble_james_turk

COLLAPSE OF THE DOLLAR

collapse_of_the_dollar_james_turk

ARCHIVES

  • You may also like

    Positioning Yourself for a ‘New’ Bull Market in Gold

    Read now
  • You may also like

    The Fiat Currency Bubble seals the euro’s fate

    Read now
  • You may also like

    Preparing for the Grexit

    Read now
  • You may also like

    From Government to Robberment

    Read now
  • You may also like

    Some Answers to Doug Casey’s Questions

    Read now

ABOUT

FGMR My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.

RECENT POSTS

  • Heading Toward the “Tipping Point”

    In an article last year entitled “Bankruptcy 1995 Revisited”, I presented a

    17 April, 2019
  • "bankruptcy 1995" revisited

    “Bankruptcy 1995” Revisited

    In 1992 a book entitled “Bankruptcy 1995: The Coming Collapse of America

    15 March, 2018

RECENT TWEETS

  • This week has seen more testing of support in #silver which so far is holding. Plus backwardation today at the lows… https://t.co/w2VpDKARCX

    20 hours ago
  • The #silver uptrend is intact. Friday's downdraft broke the 1st trendline (closing prices) & then tested support at… https://t.co/EGIGmJdyLa

    5 days ago

TAGS

bitcoin bonds central banks currencies debt dollar doug casey ecb economy euro fed gold greece hyperinflation inflation markets mining stocks MMGA oil Politics QE recommended silver stock market trading Trump usd us dollar Washington
Copyright © 2001-2016 Free Gold Money Report | All Rights Reserved
  • Briefcase
  • Contact
  • FGMR
  • GoldMoney
  • James Turk
  • The Collapse of the Dollar
James Turk Blog