The US Dollar is gapping down
The US Dollar in the last couple of days has gapped down sharply on the open.
The dollar has been really retreating since basically October, but these moves the last couple of days has been dramatic.
This will cause real inflation and real rise in the cost of all goods. Both Gold and Silver have responded higher, and it's been notable that the powers that be have not been naked shorting these commodities to suppress their prices. If this continues, these two might go up markedly.
Greggory Mannarino hasn't posted this morning (yet) but he's all over this information and has great commentary.
Here's his youtube from last evening.
This is definitely something to keep our eyes on, it is going to be profound if it continues. I hope you own some physical gold/silver because those are excellent hedges against moves like this. Cryptocurrencies are also going to rise in the face of a dollar that is weaker. Take care my steemit friends.
People forget that the money supply was doubled during the eight years that preceded Trump's election. That money never entered the economy because growth was so slow. Now that the economy is rapidly expanding, that money is flooding out, driving down the value of the dollar. The resulting inflation will likely be blamed on Trump.
It’s been a giant miracle that we haven’t seen he inflation since the QE began years ago.
There’s no doubt at all that this will be claimed on a trump. It doesn’t help that he’s not talking about this. If he actually explained what’s up, that might help.