Divining the News (DTN)

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Dollar goes down – Gold goes up – Chart

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Dollar’s Slump Erases Months Of Solid Gains

Washington Post
Thursday, December 18, 2008; Page A01

The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve‘s plan to print vast sums of cash dilute the value of the greenback

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The Fed Says Buy Gold

December 17, 2008

by David Nichols

On Tuesday we received direct confirmation from the Fed that the U.S. dollar will continue to be sacrificed to resuscitate ailing credit and asset markets. “Helicopter Ben” is finally living up to his advance billing, as dollars are set to rain down on the economy.  Source

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Written by morris

December 18, 2008 at 11:59 am

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