Saturday, June 8, 2013

The US Dollar Has Tanked Since Bernanke Spoke Before Congress On May 22nd

THE US DOLLAR BREAKOUT ABOVE 84 HAS FAILED FOR NOW.

The dollar has fallen 3.15% since May 22nd when Bernanke opened his big yap and went off-script in front of Congress, hinting at a tapering off of QE in the near future.

The dollar closed at 84.35 on May 22nd and closed yesterday at 81.69.

When just words can tank fiat bonds and fiat dollars, isn't it time to pay our respects once again to Article 1, Section 10?

"No state shall . . . make anything but gold and silver coin a tender in payment of debts;"