Any obvious/immediately apparent cause to today's dollar drop?

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Lemonyellowschwin's picture
Lemonyellowschwin
Status: Platinum Member (Offline)
Joined: Apr 22 2008
Posts: 548
Any obvious/immediately apparent cause to today's dollar drop?

USD index chart

mpelchat's picture
mpelchat
Status: Silver Member (Offline)
Joined: Sep 10 2008
Posts: 214
Re: Any obvious/immediately apparent cause to today's ...

Gold shot up $10 at about the same time the dollar started down and stabilized at around +$8, while the Dollar stabilized at about -$1.10.

Seems like somebody or some group of significance wanted out of dollars and wanted gold, lets watch this over the next short time and see if there are other occurances.  This may be a one time move or someone got scared. 

 

DavidC's picture
DavidC
Status: Silver Member (Offline)
Joined: Sep 29 2008
Posts: 243
Re: Any obvious/immediately apparent cause to today's ...

Certainly odd moves - FTSE UP, S & P and Dow both UP, Gold and Sterling both UP, Oil down then up then down.

I can't even begin to understand it.

DavidC

SamLinder's picture
SamLinder
Status: Diamond Member (Offline)
Joined: Jul 10 2008
Posts: 1499
Re: Any obvious/immediately apparent cause to today's ...

Gold and Silver pushing higher again:

http://www.ajpm.com/htbin/gold.cgi

Web Specials Last Update: 04/14/2009 00:42.13 EDT Gold Silver Platinum Palladium
Metal Spot Prices from Kitco.com:
(Prices are accurate & updated every minute)
$ 898.60
$ 12.81
$ 1241.00
$ 243.00

 

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