Early Market Updates: The US Dollar Plunge Continues.. By Gregory Mannarino

in money •  7 years ago 

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"King Dollar" yet again continues it's a long fall.

What should be no surprise to any of you who follow my work, is the US dollar is down yet again with no end in sight.

Geo political issues, local agendas, and the Federal Reserve continue to weigh heavily against the US dollar, a trend which I believe will continue for as far as the eye can see.
Moreover, cash is making its way once again back into the perceived safety of the debt, pushing yields lower, and flattening the yield curve.

Stocks as well are under some pressure in early trade (with the movement of cash back into debt) however, gold, silver, and crude oil are up on the dollar weakness.

Gregory Mannarino
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The government has two choices - live within its means or monetize the debt. One guess which it will choose.

Normally I would love to see the price of metals increasing, but now I've become used to the TPTB smashing them that I hate to see them rise b/c I like them on sale. With the dollar continuing to weaken, I see another smash of the metals coming on cue this week. Great info as always Greg!

can't wait till they ramp up the money printing. Should get harder to manipulate hard asset prices.

I think they are preparing some surprise to blame the Trump administration.

You mean all those Goldman Sachs people that Trump has packed his administration with won't protect The Donald?

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Thanks for the informative update Greg.
At least some stocks are going up due to this dollar weakness.

Same old story. I like that the Dollar is down though. I am here waiting for you to give us the trigger that the market is finally turning over and its all coming down.
Thanks again for the report

Greg, are you on board with the collapse possibly happening sometime this fall? A possible setup for that timeframe as some suggest?

I do not speculate on a timeline anymore, just be ready my friend.

Thank you for the response. I can understand that. Just thought I'd ask.

The Fed used to promise to raise rates to keep the dollar higher. Then they promised not to raise rates as a way to make it lose value. You have to wonder if they're getting ready to push the economy off a cliff.

Greg, here is a great link to the YIELD CURVE Flattening Tool.

Please take a look. You may like it:

http://stockcharts.com/freecharts/yieldcurve.php?st=yield+curve

Resteemed you buddy, trying to build up my voting power. You and I have another birthday coming up. 22 happy birthday to us.

What a day Greg! I wish I had shorted the Dow before Europe opened! :[

  ·  7 years ago (edited)

Great content thanks for spreading this great info. That will surely have a positive impact towards those who want to invest in silver and gold.

  ·  7 years ago (edited)

Thanks great info very informative as always.

"Things" start to move in a direction that make me believe that the next recession will start this fall ... As many others also believe.
Very interesting times indeed!

Why this fall?

By design i would guess ....

thanks for your valuable info!

Even greater incentive to be in silver gold and crypro currency. Who really wants to be one a sinking ship? Thanks Greg.

Still, I'm not sure I would have paniced out of my DIS long trade on the open...specially if I was holding Oct expiry calls. market should recover and imo it was a mistake to take that sizable loss. I bless the UA exit though, Greg. Lesson learnt is like I always tell people...if you are going to panic then panic early so you don't get caught in teh rush during 'actual" panic. ...which I don't believe this morning's opening move in DIS was. Just my opinion of course.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=dis&x=50&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Nicely said. I hate being in involved in the bloodletting panics

Now the BBY long Greg is still holding. That'd be a good example of what I mean when I said you should panic early "before" teh drop. Methinks it'll see $54 before much more upside personally.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=bby&x=59&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Just traded thru 56.50...now at 56.42..."live!" as I'm spekkin to ye.

I thank ye for update

nice post dear the bears are taking control of the us dollar thanks for the info.

What I've been preparing for since 2008

Silver, today is up to $16.38, I think it is a steal of a deal.

Does Everyone Have Their Silver And Gold Ready For The Financial Reset That Is Coming ?! Don't Forget Water, Food, Clothes, Medicine, And Of Course Firearm With Ammo ! And If You Have Pets Don't Forget About Them, Are They Up To Date With Their Shots ?!

Bitcoin is having a big rally today as well as the precious metals

I have noticed that several items that I regularly buy at the grocery store are up 10 - 20% in the last week or two.

Thank you for the update

Dollar falling big time. Silver going up which is great for me. Do you think dollar falling also, because FED is dovish, while ECB might start raising rates ? Waiting for your daily report.

Man, the Dollar just keeps it downward spiral. This is awesome, especially with Great letting us know these awesome trades.
Thanks

@marketreport thanks for another great and informative post. The dollar is in a death spiral people better wise up and dump the dollar fast on things that a tangible in value people put your money in things like Gold, Silver, Wheat, Water etc the dollar we all now know wont be the same dollar in the future.

Surprise!!! Always a great message involved with your posts. Enjoyed! I think the recent flip flop should open some eye's. Most of us that have been following you for some time new that raising fates too much would implode the system. The rate hikes they did do amounted to NOTHING! We all know their game.........................

Yes, you're right Greg! It is what is happening.

dollar will eventually have probably less than 20% its purchasing power

How low can it go........?
I need more shiny metal :-)

More popcorn! More!

Yep, it's still a long way down.

Bo polny got this one right haha

"King Dollar" will continue to fall.

A $1.15 for one Euro...How low will the dollar go. Great for metals and mining though.

I just love how you are trying to help people. Thanks.

Greg, how are you not trading the fuck out of these cryptos? You would destroy! The net gains in crypto are so far superior to stocks. Plus its easy to save on taxes if you know what you are doing. Am I crazy?

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thank you for posting
I always wait your post