Jesus, the dollar is getting absolutely SLAUGHTERED in overnight trading. It’s at 76.170. Gold at $1023, silver at $17.630 (outperforming gold) with a 1.15% gain vs. .32% gain.
I think this may be it, folks. The dollar isn’t even putting up a fight.
As an aside, per Jim Willie’s Hat Trick Letter released today, his “inside sources” affirm that Wells, BofA AND JPMorgan are all teetering on the edge of bankruptcy and will explode with mind-boggling losses in the next 30-60 days. They will bring down what is left of our feeble financial system.
And that’s when the metals fireworks will really begin.
Multiple banking sources also telling him that the dollar will “disappear in 2010”, as in no longer used in foreign trade.
I’m happy to email the Willie’s Letter to any who are interested.
