Monthly Bearish ABCD Setup for 2019 forming on DXY.
EU is also set for a rally to the upside beginning in first quarter 2019.
Given that the dollar could very well enter a bear market here I fully expect that the deflationary period we've been experiencing will soon come to an end and that an inflationary period (possibly hyperinflation) could soon slam US Dollar as people look to abandon them.
Couple this with a rising Fed Fund Rate and housing market top in the USA as well as Fed dumping Mortgage Backed Securities ( housing collapse properties) on open market we could be in a lot more trouble than we saw in 2007-2008.
See also my chart on bond spreads vs markets
I think that people will start to realize that what the Americans have been saying about their economy being so great just isn't true and that this will all be self fulfilling and evident in due time.
It appears that the music is about to stop. I remain bullish on precious metals from here on out. I hope I'm wrong.
Stay safe everyone!
EU is also set for a rally to the upside beginning in first quarter 2019.
Given that the dollar could very well enter a bear market here I fully expect that the deflationary period we've been experiencing will soon come to an end and that an inflationary period (possibly hyperinflation) could soon slam US Dollar as people look to abandon them.
Couple this with a rising Fed Fund Rate and housing market top in the USA as well as Fed dumping Mortgage Backed Securities ( housing collapse properties) on open market we could be in a lot more trouble than we saw in 2007-2008.
See also my chart on bond spreads vs markets
I think that people will start to realize that what the Americans have been saying about their economy being so great just isn't true and that this will all be self fulfilling and evident in due time.
It appears that the music is about to stop. I remain bullish on precious metals from here on out. I hope I'm wrong.
Stay safe everyone!