Today was a fantastic day to trade gold! With Donald Trump talking and getting ready to put trade restrictions on the US biggest trading partners the US dollar went way down, but then it came up again! Huge yo-yo day!
It is plainly obvious however that the new administration will be bad for the US dollar and great for gold. At least for the first while till things settle out.
We are looking at a fundamental change in the value of the US dollar thanks directly to the FEDs actions or inactions as the case may be. Their lack of direction as well as their weak approaches to monetary policy have failed big time. They were almost able to use their valueless talk to keep the US dollar up but now the tables have turned and they’ve turned to a situation where GOLD could end up being the new world currency.
Why didn’t they move more aggressively? Who knows. Maybe they were scared of popping their super inflated stock market or housing market but they are in a very tight corner. Perhaps it might even be “GAME OVER” for the US dollar. Not sure. But what really worries me is that they may even go as far as implementing a “FALSE FLAG” event or worse start a war with Russia or Iran just to save their precious dollar. How crazy is that?!!!
Yes, that’s right. A false-flag even could be used as a distraction ploy and maybe people won’t notice their live savings VANISH in the blink of an eye. Well some will and won’t like it. Others will simply move their money quietly into gold.
I wonder what the FED will do?
Nobody really knows what their endgame will be but I assure you it won’t be pretty and it won’t be too long from now either, they better start finding out what is elo? that way they have something to entertain themselves once the get kicked!
According to this chart, which I really like, Gold is about to break up. Now of course much of that depends on what the FED has to say today at 2pm HOWEVER I don’t believe any new rate hikes are coming soon. In fact, I believe the next rate hike will be in December 2017. The FED has a pattern now. BLUFF, BLUFF, BLUFF, RAISE and then repeat the year after. Just one raise per year is all they can really do, the rest of what they do is “Fluff & Bluff”.
The U.S. dollar extended gains after stronger-than-expected manufacturing data on Tuesday. The dollar index is now sitting at its highest level in more than 14 years. The index is touching levels not seen since December 2002 according to FactSet data.
Looks like the USD and DOW / S&P are about to roll over! The massive runup they’ve had over the past several years is about to come tumbling down and what better time to do it then in a brand new year! HAPPY NEW YEAR 2017! Watch the DOW and USD crumble as part of the new year’s fanfair!
Today’s move in GOLD wasn’t just a head fake in my opinion, it was a serious sign that the USD is about to crash and GOLD is about to skyrocket. The FED used its’ one .25% rate hike last December and they did it again this December to show they ( FED ) had some credibility but that game is nearly over or maybe it is over now. They really can’t raise rates again any time soon without crashing the entire US economy and they know it. All the job reports and other reports have all been falsely manipulated which is clear to anyone living in the real world.
Goodbye US dollar – Hello New Gold Standard ( NGS ).
Russia, China, Iran and a few other countries are not playing along with the old petro-dollar and the US is FURIOUS. So furious they’re taking us to the edge of WWIII and that is a scary thought. They’d be willing to kill millions apon millions of innocent people just to keep their Hegemony.
Not sure how they’re going to get themselves out of this mess but it won’t be easy and it’s going to take some time. Maybe years. In the meanwhile GOLD should keep going up with nothing to stop its’ ascent into heaven!