New dollar collapse this weekend?

While most of America is preparing for the long holiday weekend, most of the world is dumping U.S. dollars — in torrents.

Today, the U.S. dollar is sinking fast against the Japanese yen, the Singapore dollar, the Korean won, the Indian rupee and virtually every minor and major currency on Earth.

It has just breached the $1.50 level against the euro. It has just plunged to parity with the Swiss franc and could soon do the same with the Canadian dollar.

Gold, meanwhile, has now eclipsed $1,180 per ounce for the first time in history ... and is making a beeline for the $1,200 level.

What’s most alarming is that the trading pattern we’re observing in the dollar today is uncannily similar to the pattern we saw exactly three years ago:

As you can see from the above chart, during the Thanksgiving weekend of 2006, the dollar collapsed on the day before the holiday ... fell a bit further in global holiday trading ... and then collapsed again on the Friday after the holiday. More importantly, that also marked a new stage in a far longer term dollar bear market.

If this pattern repeats itself, its implications are far-reaching:

First, it means that the accelerated dollar collapse we warned you about in our “11 Startling Forecasts for 2010” video may not wait until 2010. It could be starting right now — on THIS supposedly “quiet” weekend!

Second, it implies that the specific investment recommendations we give you in the video can’t wait either; many could be immediately actionable.

Most important, it means that all heck could break loose after the Thanksgiving break when traders return to their desks and see the dollar carnage that has taken place in their absence.

If you have not yet had a chance to watch the 1-hour video in full, or would like to share it with friends and family, here’s the link. It goes offline next week. So this could be your last quiet time to review it.

Important: The specific investment recommendations are near the end. So I recommend you watch it from start to finish.

Good luck and God bless!

Martin