Goldilocks Ends and ‘Currency Wars’ Begin
Goldilocks Ends & ‘Currency Wars’ Begin
Amid continuing inflationary policy, the US Dollar is at a critical juncture by both daily and weekly charts. Euro targets 142+ and the Yen approaches our target. Currency war kicks off; gold just sits there biding time.
From last week’s eLetter:
“A Goldilocks atmosphere was expertly created in large part due to the fact that Operation Twist (yes, we are still dealing with its effects) by its very definition held long-term interest rates down (buying long-term T bonds) while sopping up any money supply implications and inflationary signals by sanitizing the process with the sales of equal amounts of short-term bonds.”
Read More>> http://1goldinvestment.com/goldilocks-ends-and-currency-wars-begin/