May 12, 2008

James Turk: An Update on the Dollar

"Have I overstated the bearish case for the dollar in recent alerts? I don't think so. Am I still looking for a crisis in the dollar by this summer? Yes, but we need a new low in the US Dollar Index to confirm that its short-term downtrend remains intact. This new low will re-confirm the bearish outlook for the dollar..."

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, gets out his charts to counter the worldwide propaganda campaign of the last week that's trying to push the U.S. dollar back up. Turk's new analysis, "An Update on the Dollar" can be found in the GoldMoney home page HERE

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