US Dollar Collapse Index Is Getting Ready To Break Below Its March 2008 Record Low Of 72.165

This article is from Feb 28, 2011:

Guru Insight; U.S. Dollar collapse?:

“The dollar right now is hanging on the precipice. If we break below 77 on the Dollar Index, look out below,” said Turk. “I don’t think people really appreciate how scary the dollar chart is here, or how ominous the implications really are. There’s no predicting how far the dollar could plunge if confidence breaks.”

“You’ve got civil war breaking out in North Africa and you have rebellions happening in the Middle East,” Turk continues. “In this kind of geopolitical situation, in the past the U.S. dollar would always rally, but this time it can’t even bounce.”

Yes, the US dollar is getting ready to collapse.


US Dollar Index (USD)

The U.S. Dollar Index® is computed using a trade-weighted geometric average of six currencies. The six currencies and their trade weights are:
Euro 57.6 %
Japan/yen 13.6 %
UK/pound 11.9 %
Canada/dollar 9.1 %
Sweden/krona 4.2 %
Switzerland/franc 3.6 %

Source: Kitco

Related information:

Bernanke: Federal Reserve Will End Quantitative Easing – Prepare For Epic Market Collapse!

China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings!

As The Japanese Government Pension Fund Announces Commencement Of Asset Liquidations, Will The Japanese Bond Market Finally Crack?

Before:

The US Dollar (Collapse) Index

The Coming Dollar Crisis: Panic Selling of US Dollar Could Happen Quickly

PIMCO’s Bill Gross Is Now Short US Debt, Hikes Cash To $73 Billion, An All Time Record

Monetary Base And Inflation: Up, Up And Away!

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