--Pete 'Maverick' Mitchell (Top Gun)
Sold my small UUP call position this am into this morning's spike higher in the dollar.
Resistance is approaching dead ahead. Plus possible double top.
Just tradin' 'em...
no positions
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The origin of the fiat money system dates back to early 11th century when the Chinese Song dynasty issued paper money subject to be redeemed for gold after three years. In reality, though, the banknotes were never redeemed, which created an enormous amount of inflation due to printing money exceeding production levels, and the system was soon abandoned.
~centralbanksguide.com
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