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The US dollar index is rising once again after spending some time lingering between the 80 to 82 level. If we see a strong breakthrough the 82 level, which seems likely given present conditions, watch for falling crude oil prices, higher stock volatility, flat gold price, and sinking Euros and Pounds.
We also note that bond yields are starting to take off as this chart of 5 year notes shows.
The view from here shows a major market correction coming soon.
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