The dollar is at an important crossroads. Its next move will have significant implications for the future price direction of the precious metals markets.
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The dollar is at an important crossroads. Its next move will have significant implications for the future price direction of the precious metals markets.
Like our new Facebook page to stay current on all things Smart Money Tracker
The AD line has been screaming that the 7 YCL was over. It’s only a matter of time before all markets make new highs.
The perma bears have been using the wrong tools.
global assets “melt-up” phase
I think we are in the very beginning stage of a rally that will take at least 3-4 years.
🙂
then why you say a couple days ago we were not..????
BTW the dollar formed the swing low today. This should mark the DCL.
Global bond yields screaming deflation. Let’s see the NYA and European stocks at new highs first before you claim victory, after years of calling bottoms in commodities. Headline new highs on the S&P to get retail sucked in? Irrelevant.
More likely, this is the last ditch bounce for inflationists and growth expectations. I see plenty of articles now from boomers getting comfortable staying fully invested in stocks. Still almost all cash, some physical silver and a few September UVXY calls.
Armstrong is a complete fool calling tops in the bond market.
Gary,
Do you see Dollar rebounding strongly?
DXY up 0.50%
Gary,
What about oil today? Is it moving in to a DCL?
Maybe.
Gary – do you think biotech can break out of this consolidation to the upside?
Yes.
Not now. May be later.
Big ol’ reversal on the Euro today….
I wanted to see if gold would ignore a dollar reversal this morning if it bounced off the 62% retracement.
We made another portfolio change this morning.
OK…. but what or where does it go…???
Gary you appear to be waffling this week….
gold is up AND IS ignoring dollar.. I am v confused by you…
can you try to be clearer please…?
Thx
Biowrecked again.
Dollar supported leading to fomc