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:
Take note of today’s candle formation = top top top.
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.