Slope of Hope Blog Posts

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Goldilocks Ends and ‘Currency Wars’ Begin

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Below is a copy of this week’s free eLetter that went out this morning.

Goldilocks Ends & ‘Currency Wars’ Begin

Amid continuing inflationary policy, the US Dollar is at a critical
juncture by both daily and weekly charts.  Euro targets 142+ and the Yen
approaches our target.  Currency war kicks off; gold just sits there
biding time.

From last week’s eLetter:

“A Goldilocks atmosphere was expertly created in large part due
to the fact that Operation Twist (yes, we are still dealing with its
effects) by its very definition held long-term interest rates down
(buying long-term T bonds) while sopping up any money supply
implications and inflationary signals by sanitizing the process with the
sales of equal amounts of short-term bonds.”

(more…)