Early Market Updates: The US Dollar Plunge Continues.. By Gregory Mannarino
"King Dollar" yet again continues it's a long fall.
What should be no surprise to any of you who follow my work, is the US dollar is down yet again with no end in sight.
Geo political issues, local agendas, and the Federal Reserve continue to weigh heavily against the US dollar, a trend which I believe will continue for as far as the eye can see.
Moreover, cash is making its way once again back into the perceived safety of the debt, pushing yields lower, and flattening the yield curve.
Stocks as well are under some pressure in early trade (with the movement of cash back into debt) however, gold, silver, and crude oil are up on the dollar weakness.
Gregory Mannarino
Normally I would love to see the price of metals increasing, but now I've become used to the TPTB smashing them that I hate to see them rise b/c I like them on sale. With the dollar continuing to weaken, I see another smash of the metals coming on cue this week. Great info as always Greg!
can't wait till they ramp up the money printing. Should get harder to manipulate hard asset prices.
I think they are preparing some surprise to blame the Trump administration.
You mean all those Goldman Sachs people that Trump has packed his administration with won't protect The Donald?
Thanks for the informative update Greg.
At least some stocks are going up due to this dollar weakness.
Same old story. I like that the Dollar is down though. I am here waiting for you to give us the trigger that the market is finally turning over and its all coming down.
Thanks again for the report
Greg, are you on board with the collapse possibly happening sometime this fall? A possible setup for that timeframe as some suggest?
I do not speculate on a timeline anymore, just be ready my friend.
Thank you for the response. I can understand that. Just thought I'd ask.
The Fed used to promise to raise rates to keep the dollar higher. Then they promised not to raise rates as a way to make it lose value. You have to wonder if they're getting ready to push the economy off a cliff.
Greg, here is a great link to the YIELD CURVE Flattening Tool.
Please take a look. You may like it:
http://stockcharts.com/freecharts/yieldcurve.php?st=yield+curve
Resteemed you buddy, trying to build up my voting power. You and I have another birthday coming up. 22 happy birthday to us.