8/11 Trading Futures Weekly Wrap Up

Markets are closed this second week of August with some turmoil associated with the Emerging Markets caused by the pilling on the USD, thinking they are buying safety from the risks. The risks couldn't be greater, as the debt is rising much faster as we approach 22Trillion. Looking a the big three news items, Turkey could not save the falling Lira price, Erdogan stated the following:
"Change the euros, the dollars and the gold that you are keeping beneath your pillows into lira at our banks. This is a domestic and national struggle," Erdogan said, according to an Associated Press translation.

Yah, Mr President, let me take real money, gold, and trade it for some depreciating Lira, like that's not gonna happen.

Then the trade war is escalating with Russia and China, the Ruble dropped almost 4 Rubles to 1 USD in two days to a exchange rate of 67.75, the highest since 2015. China tried different ways to defend the trade wars talk, through currency manipulation, countermeasures in tariffs, but nothing really mattered as their stock market dropped.

In other news, inflation is said to be flat, I guess they don't shop for groceries because we all know inflation in real when buying food and other necessities. Trade deficits were up sharper, trade wars aren't working, the fake jobs numbers, but real wages are dropping, people are suffering as real expenses are rising, but the ultimate real money, precious metals stayed flat all week. Even against the back-drop of a rising USD, gold and silver preserved purchasing power, such as in Turkey, where gold, in relation to Lira, went up 20%, as expected. So here are the weekly charts:

Down for the week, but stayed around $1220 all week.

USD showing a weekly rise to over 96.2 going back a year ago.

S&P500 showed a weekly rise but fell over the past three trading days.

Crypto, BTC, Steem all got crushed all week, showing to me, IMHO, that crypto is not a safe haven during a crisis.

BTC dominance is almost 50% at 49.9%, as HODLers are selling the other 1817 Cryptos to get into BTC.

Keep stacking. Go get you some.

Thanks for following @RollingThunder