So much for my theory about how bearish it looked a few days ago. Last hope for the Dollar bear thesis is USDX 87 (and a little bit) constitutes the top of a bearish rising wedge formation. I also agree with BigPic about a significant turnaround is due for PMs, but for cyclic reasons instead of cosmic-based prognostications (i am not dissing any works based on the latter.) The good news is the Dollar has been bahaving exactly as my model requires - in a sustained uptrend for several weeks - in order that a major turn can come about very shortly. If you believe in any of my gobbledygook, the rest of this week is a good time to average into a small PM position.

Interesting how the US Bond market soared today precisely when the Dollar needed a technical boost. Hmmmm. Hat's off to the PPT. At the current rate of appreciation the Dollar will turn out to be the only thing of any worth left on this Green Ball and is scheduled to take over everything on the Earth by Spring 2009. All US citizens hail and bow down to Bernanke's magical printing press, for none of you will soon ever have to work again and the rest of the world will cater to all your wants and needs. I hear Zimbabwe has sent a delegation to the US to learn how this wonderous magic works and to fine-tune their own presses.