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Could a dollar breakdown become the next major market event?
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ticker lesson
Breakdown
0:00lesson
Dollar's relative value vs. other fiat
- Fiat paper vs fiat paper = meaningless
- Dollar's value is relative to other depreciating paper
- Dollar's been non-event for 1.5 years
- Financial downturn will drive next leg in monetary metals
0:01lesson
Bear flag pattern in dollar
- Textbook bear flag pattern observed
- Price could challenge 70 level
- Break of price chart crowds' line triggers buying
- Crowds will think they're winners
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