claydoctor

Dollar, commodities, effects on markets

INDEX:DXY   U.S. Dollar Index
88 2 1
US needs dollar to fall, increase commodity prices, increase inflation , as does the rest of the world, or at least commodity based economies. But if you do that it hurts economy by making everything cost more, decrease profits, people buy less with same amount of money. Simple problem, no great solution. So keeping rate slow for now, because that would only strengthen the dollar, which is not what they want. Oil             in a clear HS formation. If dollar falls, OIL             does not complete the right shoulder. China devalues yet again, Dollar strengthens, DXY             breaks above range channel, becoming very overvalued not by choice, and OIL             completes HS, but that COULD ALSO BE MORE THAN most oil             countries and US fracking companies can bare, and go bankrupt. That could cause a currency crisis, where other small country currencies devalue so much, credit collapses, dollar goes yet higher again, and OIL             then goes into the 20's as some have predicted lately, possible hyper inflation , crashing the markets. We are at the edge, with no way back, and no way forward that will not cause pain, and no one wants to be the one to be blamed for it, certainly NOT THE FED. Dollar is overvalued, see the RSI . This currency crisis about to happen, may justify the need for a one world currency, all digital, just to restore the order of things, info stored in one place, leading eventually to an international government to manage currencies and transactions, credit, banking, etc. , leading eventually to a one world government, all, of course, out of necessity. What was the theme of the current US administration, "never let a tragedy go to waste"? And why are they not trying something to keep this all from happening? Maybe they really don't have an answer for this. Maybe they do. Right now gold             is stuck in the middle between dollar and OIl             . But, out of all of this Gold             may spike as "the only place to put your money". I heard Comex available reserves (for purchase) are at historic lows.
ida.pagnottella
2 years ago
I agree, even because I notice that this is a VERY contrarian way to see the world right now. Contrarian because when I illustrate this scenario to people they say: uhhh...??? I could never understand by the way why gold is hated so much (if you buy it seems you are an idiot) while Crude oil is not hated at all (if you bought it you are not an idiot) , they are so correlated actually
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claydoctor ida.pagnottella
2 years ago
The truth is often contrarian. But this is the future, and anything can happen, but it does pay to pay attention, and consider all possibilities. Or you will say to yourself, I did not see THAT coming. :)
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