Falling Dollar, Rising Silver Breaks $36

The USD Index took a hit today, as precious metals rose in tandem on continued news of the European debt crisis, and the downgrading of Belgium and Italy.  The severity of this news is starting to sink in with investors as they realize the Euro is extremely weak, and the US Dollar is not much  better.   This chart overlays the USD Index graph and silver spot price showing the inverse relationship between the two.

Falling Dollar, Rising Silver
Falling Dollar, Rising Silver

 

 

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