Saturday we called for a potential waterfall collapse in the US dollar here;
http://silverdoctors.blogspot.com/2011/03/us-dollar-at-risk-of-waterfall-collapse.html
particularly if Japan has to resort to actually selling its stash of T-bills. (We would love to be wrong and have the dollar go vertical so we can pick up some extra ounces of physical silver with a few more paychecks, courtesy of Blythe and our friends at JPM)
The dollar's slide continued today, breaking below 75.40 at one point and currently hovering around 75.45. The dollar is now down 3% in the past 5 trading days.
A KingWorldNews piece released today has James Turk sounding the same alarm regarding a disorderly sell off in the dollar.
Turk is calling for the dollar to close in on its all time low of 70.79 "very quickly", and states that "the next leg down in the US dollar will shock the world."
The entire interview can be read here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/21_James_Turk_-_Panic_Selling_of_US_Dollar_Could_Happen_Quickly.html
