I have fractals and algos telling me that DXY could go up significantly in the coming months. If this is true, any assets trading vs USD will go down including real estate (in the extreme case). Something to consider. This could be banks' move to control inflation in USD as Almost 25%-30% (roughly looking at M2 chart) of USD in circulation was printed within last year. Fascinating times we live in.
There is also that cup and handle argument, if there is no technical failure and a successful retest, the above statement, will carry weight.
There is also that cup and handle argument, if there is no technical failure and a successful retest, the above statement, will carry weight.
Comment:
Take a look at the money suppy its 30 % ... 30% of all USD were printed in this past 2 years ....
Comment:
1 year*
