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RE: Long Term Dollar Top Pointing to Massive Bull Market in Gold and Silver.
Nice but the FED unload is going to drive the yield up across the board and suck dollars out of circulation, would that not drive dollar up?
No it will drive it lower. Higher yields mean lower treasury prices and as I said the top is in for the dollar. In the 1970s 10 year treasury yields rose from around 6% all the way up to 15% in 1981 and gold went from $103 to $887.50.
Thanks this is really interesting topic and I agree 100% with your view. Sorry my question was not well formed. I meant do you think there may be a short term bounce of USD associated with FED unwinding / reducing USD?
I personally think the Fed will have great difficulty in unwinding and this fact in of itself will hurt Fed credibility and the dollar.