You are viewing a single comment's thread from:

RE: ALERT VIDEO: The US Dollar Continues To Dive, With No End In Sight! By Gregory Mannarino

in #money7 years ago

OK, the answer to your question on the dollar. First and foremost, the Fed will have "zero" influence going forward on the markets...and I mean ANY market >>> oil, natgas, gold, silver, dollar, stocks. The next time the Fed actually influences the markets will be with a rate cut to help prop up the market. And once that happens it will likely have an opposite affect than the intended affect. If teh SPX is down 30% from the 52 week high and the Fed decides to begin lowering rates (which they will do before they ever think of QE4), the markets will take that as an "ut oh!" moment. Sooo the "real" reason for the dollar weakness is simple market forces at work. So then it is just a matter of using short term sentiment indicators to help decipher things. I have my own sentiment gauges I use. I would say this. if you were to ask your 4000 followers >>> Dollar, peeps...lower or higher from here? I bet 3900 of themn would say looower. And THAT falls right into my wheelhouse as the makings of a GRRREAT trade. You do know I am a "true" contrarian I hope, Greg. :-) Honestly though, take the Fed completely out of the equation. I have been telling this same thing to Peter Schiff for months now...and he "finally" threw in teh towel and admitted that Janet Yellen is a bigger man than he is. Of course he qualifed that by saying >>> "Well, I was only going by what she was telling me she was going to do." Any wonder why he's been getting his ass kicked for years now? And he's back at it again! Blaming the fed for everything. I'm gonna make Peter Schiff "beg" Janet to QE before I'm finished with the goldbugs. At gold $750 sometime next year Petey will be crying >>> "Please Janet! I'm sorry for everything I said about you. Please QE already so that I don't lose my remaining 100 Utube subs I gots left!" LOL

Sort:  

@joejustjoe, you are posting indirectly under the post and directly under my comment ;). I think your comment is not meant for me.

I'm sure Greg will see it. I have been spewing my thoughts because many times my thought are contrary to his....and he did just ask for an explanation why I would not be short the dollar here. Sorry about that. :-)

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.034
BTC 91022.78
ETH 3148.10
USDT 1.00
SBD 2.96