JAN 25, 2018
ORIGINAL SOURCE: Watch Out Below: USD is About to Break – Metals are a Buy by Palisade Research on 1/24/18
What a difference a year makes. The US dollar, the world’s reserve currency, is worth 11% less than it was just one year ago:
This on the heels of a sharp, multiyear price spike that began in 2014, as Janet Yellen curtailed the massive money-printing operation that was QE and started raising interest rates. Over the next 3 years, the dollar increased 30% and commodity prices imploded in response:
And the dollar is now poised to give back all the gains it wrought from that meaningless, manufactured rise. And then some.
After 3 years of a dollar bull market and a commodity bear market – the tables are now turning…Once the US Dollar Index breaks below 90 – which could happen any day now – then dollar bulls will retreat….Don’t be surprised to see the USD drop another 20% from here. That would put it back to levels it hasn’t been in since 2011. I should also remind you that’s when the price of gold was over $1,950 an ounce and silver was over $40 an ounce.
Please see the rest here; Watch Out Below: USD is About to Break – Metals are a Buy