US Dollar Intraday Crash Update

The US dollar keeps on crashing, and it should continue for the foreseeable future.  Surprise rallies will be part of the landscape, but when we are in a big bear market then any rally will only be a temporary thing.  Gold has responded to the USD crash like it has done many times before and has broken well below the 91 price level, that I have talked about in my updates.

I have another couple of downside targets that I would like to see get retraced. One of them is the 89 price level with these futures charts, another price level that should get hit will be at about the 80 range. A falling US dollar is basically inflation rearing its ugly head, but that is what politicians have wanted for many years, with their 2% inflation rate.

Buying gold after it has already soared does not protect us from inflationary pressures, but this is what gold analysts keep telling us we should do.

They may just be starting to recognize the fact that the US dollar could be in a bear market, which makes them pretty slow in recognizing any trend reversals. When you are watching the evening news and two or 3 different talking heads mention how the US dollar is crashing, then chances are good the US dollar will reverse and soar.