Ominous signs for US Dollar: It's going down
Peter Schiff and many others have been warning us for years that US dollar is losing its place in the world as a reserve currency. The writing is on the wall now.
As you can see from the yellow box (upper studies), the dollar broke the support decisively and the sentiment was reflected by MACD (yellow box on lower studies). Last but not the least, 9 day moving average is significantly below that of 18 day moving average. Considering the geopolitical tensions such as Manchester Bombing, North Korea's another missile test, downgrading of China etc., one would imagine the dollar to strengthen significantly. We didn't see that however. This doesn't bode well for dollar. Please see the daily year-to-date chart.
As dollar goes down, the commodities will get a boost. If I were you, I wouldn't be short on precious metals at this point. You can check my daily blog on silver if you are into precious metals.
Disclaimer: I am not a financial advisor and am not qualified to do so. Vote, follow and leave your comments behind. I will try to respond to all the comments.
Agreed ajain. If Donald Trump goes through with his plans of a border wall/fence the supply and demand of silver and many other commodities in excess in South America will become completely unbalanced as well.
You are correct, much to be seen from Trump's implementation of policies. Lot of stuff has been baked-in in the stock such as tax reforms etc. If they don't pan out, then expect volatility to shoot up. By the way, I just started following you, looks like you have a similar mind set.