Friday, March 18, 2011

As Gold Surges By $30 In Two Days, Dollar 3 Ticks Away From 2010 Lows | zero hedge

As Gold Surges By $30 In Two Days, Dollar 3 Ticks Away From 2010 Lows

Thanks to Zerohedge-


Today's DXY chart with the line showing the 2010 lows


A two day chart, for those who enjoy pointing out the stock market "relief rally"


A longer-term chart showing what happens next...


And here is why there is no more trend line support in the DXY:



END OF THE DAY....March 18, 2011....

Dollar Takes Out 2010 Lows, 2011 S&P Now Down 2.3% In Dollar Purchasing Power-Adjusted Terms



75.62

The dollar index broke to a new low, falling through the November low at 75.63 and extending to 75.53

MEANWHILE....

The last two days in GOLD...




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