The Falling Dollar

December 11th 2008 might be a date to remember in our nation's economic history. That is because it looks like the U.S. dollar index may have begun its fall from grace. A huge rally in the past few months finally stalled. Between October 21st and December 10th, the dollar traded in a narrow trading range vs. the Euro. Between 1.25 and 1.30. But, on Dec 11th, it rocketed up to 1.33. That may not seem like a big deal, but it broke the trend line and it was a huge move for a currency in one day. Plus, although I am no technical expert, the dollar index did form what many technical analysts like to refer to as a "head and shoulders top" that corresponded to the trading range from Oct to this week. In any case, with the Federal Reserve's printing of money, the end of the dollar rally is inevitable. Whether or not it has hit a true top, we won't know for sure for a while. But, like Peter Schiff says, time may be running out on the dollar and actions should be taken to protect yourself before it is too late. Gold has held up very well throughout this market crash and gold stocks have rallied big in the last few weeks. I don't think this is all a coincidence.