The US government ran a 2009 deficit of $1.4 trillion—the highest since World War II—as spending reached nearly 25% of GDP and total revenues fell below 15% of GDP.

Shortfalls like these have not been seen in more than 50 years.

Read the full Wall Street Journal Article.

http://online.wsj.com/article/SB10001424052748704888404574547492725871998.html

For our friends in Santiago, Chile.

The weekly view on  the Chilean Peso against the USD with hedge Percentage.

Since October 1th. the  Hedge Percentage is almost 100% short.

Only a close above 514.70 can change the trend.

Breakout levels for week 48 which you can compare to last week breakouts.

For details see also: http://www.2hedge.com/mmevbo.html 

ETF Securities has launched the world’s largest and Europe’s first exchange-traded currency platform with trading expected to begin next week.  The initial currency ETCs provide long or short passive exposure to G10 currencies versus the US Dollar and include AUD, CAD, CHF, EUR, GBP, JPY, NOK, NZK and SEK.

http://www.etfexpress.com/2009/11/16/etf-securities-launches-world%E2%80%99s-largest-exchange-traded-currency-platform

http://www.etfsecurities.com/nl/news/etfs_news_091116.asp

Very interesting article about Dollar volume in recent years with great charts by CrossCurrent website.

http://www.cross-currents.net/charts.htm

For our friends in Santiago, Chile.

The weekly view on  the Chilean Peso with hedge Percentage.

Since October 1th. the  Hedge Percentage is almost 100% short.

Breakout levels for week 47 which you can compare to last week breakouts.

For details see also: http://www.2hedge.com/mmevbo.html 

“There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose”.  Read this very interesting article:

http://www.marketoracle.co.uk/Article14976.html

The International Monetary Fund said traders are probably using the dollar to fund “carry trades” around the world and the currency may still be overvalued even after its slide this year.

Below the daily chart with weekly blocks and hedge percentage.

The full article by Bloomberg(c) on:

http://bloomberg.com/apps/news?pid=20601068&sid=agLkrj4ZwFTw

Breakout levels for week 46 which you can compare to last week breakouts.

For details see also: http://www.2hedge.com/mmevbo.html