Upvoted & ReSteemed. Your excellent ongoing commentary of The Financial Insanity is much appreciated.
US$ downmove from very overvalued peak early 2017 is only ~10% from DXY ~103 to ~93 SO FAR...
It's probably a managed move by the Exchange Stabilization Fund - a dark pool that lurks in shadows behind Fed puppet show - both to avoid a crash in their system & to support stock bubbles. We have at least a US$ fall to DXY 70 to go... so stocks could remain pumped up awhile yet.
But €uro & ¥en are big parts of US$ DXY makeup and both are VERY SICK FIAT CURRENCIES themselves! ¥en strength correlation with gold strength is interesting... but WHEN gold/silver break free of dark pool Exchange Stabilization Fund methinks that correlation has to be thrown out the window. Both ¥en & €uro strengthening this last week. They may be blowing off their tops. Likely to be a US$ rebound. All managed by central blankers to avoid any crash.
Fed rate hike in Sept. on the cards... they exist in DozyDisneyLand. That'd put brakes on US$ fall & send stocks into correction.
But remember BIG mega$ is in derivatives... this, methinks, is why VIX (volitility) has been extremely low... 'cos slight moves in markets cause far bigger moves in derivatives which are used by PTBs to manipulate markets I.e. stability on upside of bubble-pumping.
So what's gonna cause market bubbles to pop? - They're in very hard, brittle, fragile states... methinks you're correct to point to the US bond market. The coming debt-ceiling fiasco approaches at the same time as historically volatile fall period for markets when traders return from dozy summer hols.
We have August when a rare full eclipse draws a dark shadow right across USA...
China & Japan may increase their pull-out from US bonds... volatility could shake up massive derivatives markets grown-too-fat on lazy/dozy/complacently low volatility... like a massive tail wagging on a relatively small dog... dog-gone market will get shaken wildly. P'raps China, with Russian backing, will make a move to pull out of US bonds over a US debt crisis, or even over further criminal actions by the "deep state" & its "dark pool" in the Middle East where its petro$ empire is collapsing?
This fall is building up to BIG MOVES. August may be the last calm before The Storm.
Gold & silver ended this week on critical chart resistance points. Will they break out higher next week?
Methinks PTBs still have quiet summer markets to knock them back down through August... so i'm looking for pullbacks in gold & silver when Asian markets open on Monday.
Gold may get pushed down to US$1,180~1,200 during August into early Sept. (Now about US$1,268)
Silver could see US$15 or below. (Now about US$16.78)
One final derivatives slamdown of precious metals could come with a bounce in US$ as Fedspeak hints at rate rise in Sept. Which they may well do! UK may well raise rates next week too! Such moves by the Fake Money puppet manipulators would prime the gunpowder for an enormous market blow-up come Sept. And IF it somehow gets contained or managed by the PTBs, then its likely to blow again come New Year and early 2018.
The main things to avoid are US$ bonds and US$ digits in a bank. US$ cash in hand could be VERY USEFUL! And of course, gold coins. But you are very correct - silver is now a bargain and likely to soar in value relative to gold from current 75/1 ratio to at least 35/1...
Vast majority of sheople are grazing on very thin pastures during the current, eerily quiet summer...
But their PTB shepherds must now be planning the best way to fleece & slaughter them for their own fat profits THIS FALL. However, when the pyramid-scam of world financial structure comes down, so does the headstone & its "eye of Horus". See the back of a US$ bill of debt... and wonder who is the "In God we trust"...