"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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Broad Dollar Index at a 16 Year Low; USDX at a 32 month Low
Tough to say which is going down faster:
ReplyDeleteThe USDX, or....
The GDX/GLD and SIL/SLV
Once again, everyone is deathly afraid of a huge dollar rally after the FOMC, so they are selling or shorting resource stocks in droves.
Hey Dan, they are flash crashing the OIH, XLE, GDX, etc. today in an attempt to U-Turn the USDX and the Forex Algo programs before "The King's Speech"....
ReplyDeleteLOL......