Commodity Trade Mantra

Posts Tagged ‘Dollar and Gold’

Is Now The Right Time To Short The US Dollar?

The dollar rally has been led in hopes of the Fed tightening rates in December of 2016. The uncertainty over the election is certainly weighing on the dollar. The stock markets are at a critical juncture, as is the dollar and gold. There is some anticipation that the markets have built in a Hillary victory and that a Trump victory is going to roil the markets.

Progress of Gold and Silver Against Dollar Building Momentum

The regular negative, mainstream coverage that gold and silver receive is lessening. When larger thematic elements of mainstream media coverage become less obvious or even falter, one can take that as a sign of a change in direction. Media coverage seems to be signalling this shift in sentiment. If it’s a trend, it will reinforce the progress of both gold and silver against the dollar.

What if China, Russia Succeed in Going off the Dollar?

The Shanghai Cooperation Organization is an agreement between China & Russia, with an objective to settle international trades between them without using the dollar. If they succeed, the whole Asian continent, at some point in the future, will be off the dollar. I don’t think people fully appreciate what that means for the dollar.

The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony

For the last 40 years, a pillar of dollar primacy has been the greenback’s dominant role in international energy markets. Today, China is leveraging its rise as an economic power & as the most important incremental market for hydrocarbon exporters in the Persian Gulf & the former Soviet Union to circumscribe dollar dominance in global energy.

James Rickards - After Currency Wars Comes - The Death of Money

“The world is getting closer to that end game every day,” says James Rickards, who just finished writing the sequel to his bestselling Currency Wars, titled “The Death of Money, The Coming Collapse of the International Monetary System”.

Fed's QE + Desperation = Higher Gold Prices

QE addicted US economy is reliant on central bank stimulus to stay afloat; The Fed cannot end it nor intends doing so anytime soon – This monetization of debt increases the bullish outlook on gold, that historically trends higher along with Fed’s balance sheet.

Current Situation in U.S. Dollar and Non-USD Gold Price

Taking into account the short-term action in the dollar and the True Seasonal patterns’ short-term implications for the US Dollar Index, the short-term outlook for precious metals may not be as bearish as one might view it based on the medium-term trend.

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