Dollar Breaks 97 as predicted

in steemsilvergold •  last month 

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US Dollar is a weighted average, see below. Mainly effected by the Euro at 57.6%, up a half percent, but the real driver overnight was the Brit Pound moving up over 2.5% due to the vote.

Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight

The USD dollar demise will be the kicker to the precious metals.......Look for a run

Yup with huge wins in Britain this move makes sense. But I think we have a ceiling in dollar now. I hear many saying it’s going to 115 on the index. They don’t understand at that point we’d have a crash in all
Emerging markets that will flood into every economy. It won’t happen

Your so right about emerging markets imploding. They had so much trouble even with the USD breaking to almost 104, back in March 2017. SO many government bonds were issued in US dollar terms, so yes, an implosion would start the cascade of failures worldwide.