U.S Dollar Collapse Imminent – Everything Else Goes Up

The U.S Dollar has “once again” made an ugly turn lower….suggesting a much larger fall if not “full on crisis” in the not so distant future. This will keep cryptos flying higher.

Cryptos Going Up

Cryptos Going Up

This will essentially drive everything else ( including all crypto currencies ) significantly higher, as well the precious metals ( if you can believe ) as investors begin ditching U.S.D in droves – seeking to place their money in “anything else” they can find. I feel the crypto currencies will benefit greatly…so for all you “ya it’s a bubble / cryptos are a fad” type thinkers….open your mind and see about starting an account / getting a wallet set up soon.

Lite coin pop…..lite coin pullback and excellent place to buy coming very soon.

Get “Monero” on your watch lists as well watch Ripple and Cardano ( some very serious technology behind this one! )

Here’s a nice place to keep an eye on Cryptos: https://coinmarketcap.com/

Short USD at will.

12 Responses

  1. Gray December 14, 2017 / 8:37 am

    Kong…..any comment on Cannimed/Aurora issue after seeing this.

    CanniMed is also questioning the actions of investment bank Canaccord Genuity, which it says had access to its confidential financial and operating data as an adviser to Newstrike before being engaged by Aurora for its hostile bid.
    “Canaccord was subject to non-disclosure obligations with respect to CanniMed’s confidential information and a breach of these obligations has significant administrative law consequences. Aurora knew or should have known of this inappropriate conduct and the consequences of such actions,” it said in its application, one in a flurry of announcements Monday related to the takeover scrap.
    A Canaccord Genuity official declined to comment, citing a policy not to talk about any current mandates. It is not known whether the bank, which has a long-term relationship with Aurora, destroyed any paperwork and deployed a different team for the hostile bidder after severing its contract with Newstrike, as is standard practice.

    • Forex Kong December 14, 2017 / 10:18 am

      This has gotten quite ugly / messy….and to be honest I don’t really know HOW it’s going to shake out.

  2. Scott December 14, 2017 / 9:09 pm

    When it pulls back and you buy again, will you go bitcoin or one of the other three you mentioned in the post? Any timeframe of when you think it will happen?

  3. JohnPaul Agius December 15, 2017 / 3:45 am

    Hey, I have you my picks for MJ as the next winners, if you take those up please give me credit!!! LDS, NAC, and RLV.

    Interested in Litecoin, going to use quadrigx, any thoughts on a good entry price and where you think it pulls back? Was thinking starting 1/3 position now, then averaging down on the pull back. My guess is we see $150.

    • Forex Kong December 17, 2017 / 7:45 am

      Ive already entered Litecoin, and dont think we will see 150….you are 100% right on track.

      • JohnPaul Agius December 18, 2017 / 3:59 am

        When you say the buying opportunity is coming, do you have a time horizon, or price you are looking for, or which ever comes first? I’m leery here but recognize the current process are likely a drop in the bucket for where it’s headed.

        • Forex Kong December 21, 2017 / 6:53 am

          Depends what you’re buying JohnPaul – I’ve bought LiteCoin as of a few days ago…I don’t see much going on here over the next week but….January could be very interesting.

          Timelines need to be fluid as……anything CAN happen. One needs to be vigilant / constantly monitoring to catch these things on the fly.

          If USD falls any harder / further ( which I know it will ) you will then see everything else move hard along with it.

  4. Peter December 15, 2017 / 11:56 pm

    What your view of usdjpy? Will it break above 114.7?

    • Forex Kong December 17, 2017 / 7:49 am

      Not in my view no Peter.

  5. Peter December 18, 2017 / 12:47 am

    Thx..but which level u think will usdjpy crash to?

    • Forex Kong December 21, 2017 / 6:50 am

      Tough to pick levels Peter….when you are considering something “dramatic” happening.

      We are near the upper end of the range in USD/JPY so falling through 111 needs to happen before anything huge.

      Then……gees – 1.07 would be next stop.

  6. Fernando Pimentel December 19, 2017 / 7:55 am

    Hey Kong, you were clearly right on the cryptos but i´ll say again that the USD won´t fall much against EUR, JPY and even the YUAN. You wont see the USDJPY below 111.5 and the EURUSD above 1.2 in the short term future. This whole USD collapsing thing cant really happen against currencies with such problems such as horrible demographics in one or the refugee and political instability on the other.

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