China & Russia ditching #USD confirms a trend well underway. Demand for USD is declining because of mismanagement by Fed & politicians. Demand down & supply up from Fed printing means we should expect a weaker USD & higher #gold & #silver prices.
https://t.co/P7x0gSzmBp
We've shown how volatile silver can be in the past especially compared to Gold. MTD in July silver is up over 30%.
Here's how silver performs when it rises over 25% in a single month (hint: not good).
I wonder how long it will take equity investors to realize that a collapsing dollar and soaring #gold price are bearish for stocks, as it will force the Fed to dump bonds, forcing interest rates to surge, the Federal Government to slash spending, and corporate earning to plunge.
#Gold finished its 7th consecutive weekly gain above $1,900, its highest weekly close ever. The Dollar Index fell for the 5th consecutive week to its lowest weekly close since Sept. 2018. Clearly these two trends are related and that's not a good sign.
The U.S. Dollar Index just took out the March low, and is trading at its lowest level since Sept. 2018. A close below the March low would be very bearish, signaling a much larger drop. If you still own dollars, sell. Buy #gold and foreign assets while you can still afford them.
All the Bitcoin bugs kept telling me that Millennials would be the ones to power #Bitcoin to new highs. That they were too tech savvy to buy #gold. It looks like they didn't get the memo. https://t.co/aMWIGWEgkX