Commodities Rise As The US Dollar Turns Lower On Announcement That The Federal Reserve Lowers The Central Bank Rate To 1%
Thursday, 30. October 2008, 03:55:39
Introduction
The US Dollar and Treasuries fell as commodities, oil, and currency impaired stocks rose as the Federal Reserve cut the US Central Bank rate to 1%.
Commodities, oil, and currency impaired stocks rose on the Federal Reserve rate cut to 1%
GUR, 15%
RSX, 13%
EWZ, 12%
SLX, 4%
KOL, 7%
USO, 4%
RJI, 4%
JJG, 6% ... JJG has risen 9% so far this week
GLD, 0.3%
Financial and real estate stocks fell
XLF, -6%
IYR, -4%
The US Dollar is now history as a currency -- it will be tumbling lower in a death spiral with all currencies into The Abyss
World currencies, DBV, rose.
US Dollar, $USD, fell to 84.53 ... $USD
US Treasuries TLT fell to 94.91 ... TLT
The interest rate on the 10 Year US Government Note, $TNX, rose to 38.74 ... $TNX
FOMC reports that the Fed lowered the US Central Bank interest rate to 1%.
Commodities, $CRB, rose to $274 ... $CRB
Jesse reports that Dubai runs out of gold
The chart of gold, that is, $Gold, shows a rise to $754: $750 is strong support for gold ... $GOLD
Jesse shows that gold having hit $730 is likely to head higher.
The five day Yahoo Finance chart of the EUR/JPY, USD/JPY, UUP, GLD, and RJI, shows the yen carry trade retracing and the US Dollar Bullish ETF falling and commodities rising ... EURJPY rising, UUP falling and RJI rising
It's an ideal time to invest in gold: I recommend that one buy gold and put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.
The US Dollar and Treasuries fell as commodities, oil, and currency impaired stocks rose as the Federal Reserve cut the US Central Bank rate to 1%.
Commodities, oil, and currency impaired stocks rose on the Federal Reserve rate cut to 1%
GUR, 15%
RSX, 13%
EWZ, 12%
SLX, 4%
KOL, 7%
USO, 4%
RJI, 4%
JJG, 6% ... JJG has risen 9% so far this week
GLD, 0.3%
Financial and real estate stocks fell
XLF, -6%
IYR, -4%
The US Dollar is now history as a currency -- it will be tumbling lower in a death spiral with all currencies into The Abyss
World currencies, DBV, rose.
US Dollar, $USD, fell to 84.53 ... $USD
US Treasuries TLT fell to 94.91 ... TLT
The interest rate on the 10 Year US Government Note, $TNX, rose to 38.74 ... $TNX
FOMC reports that the Fed lowered the US Central Bank interest rate to 1%.
Commodities, $CRB, rose to $274 ... $CRB
Jesse reports that Dubai runs out of gold
The chart of gold, that is, $Gold, shows a rise to $754: $750 is strong support for gold ... $GOLD
Jesse shows that gold having hit $730 is likely to head higher.
The five day Yahoo Finance chart of the EUR/JPY, USD/JPY, UUP, GLD, and RJI, shows the yen carry trade retracing and the US Dollar Bullish ETF falling and commodities rising ... EURJPY rising, UUP falling and RJI rising
It's an ideal time to invest in gold: I recommend that one buy gold and put it far, far away from the current financial system, safe and sound in a guarded vault, like BullionVault and GoldMoney, with an account personally at streetTracks Gold Trust, and in physical possession of gold coins.
WIDGETIZE