I’ve been patiently awaiting the bottom in Silver, and the correlated “top” in the U.S Dollar.
We have now arrived.
The same principle in markets playing out time and time again…..commodities priced in USD fall, as the “perceived value” of the U.S Dollar rises. This “inverse correlation” will now flip – with commodities ( silver / oil ) moving decidely higher, while my ol buddy the U.S Dollar get’s back on it’s way to the basement.
You just can’t have both folks. The recent “strength” in USD coupled with the massive blow to U.S companies exporting to China is most certainly not good for markets. Remember??? Forex?
The U.S ( and every other country for that matter ) wants / “needs a weak domestic currency” in order to compete / promote sales abroad.
Here’s how the two charts look:
U.S Dollar Top
Take note of today’s candle formation = top top top.
Now Silver:
Silver Bottoms
I’m looking at a couple super cheap silver mining stocks in order to take advantage as…for the most part the sector moves as a whole. Endeavour Silver Corp ( EDR ) looking like a great way to go as it’s only 2.37 cents.
Don’t get me started about China and the trade war – this is serious shit. Markets no likey.
Haven’t you noticed? It’s not a silly headline and it’s not “that stupid Trump”. It’s serious shit gang.
Watch yerselves.
Viva El Presidente Trump!
In a longer term sense…….people of the U.S should actually be thankful as…….Trump IS the first pres to actually stand up against the continued push for power in China. As much as it looks “so bad” in the media…from the outside looking in – he’s putting America first no?
Some pains along the way – foooooor sure but….Trump standing his ground not entirely a bad thing when you step back and consider the alternative.
Rock n roll people.
Usd is back on the rise..will we see a fall again?