The focus for the dollar should be on the longer term chart
With all the comments on the recent downtrend in the USD Rick Ackerman shares his thoughts on the longer term chart which is still in a very bullish formation. Rick also addresses the possibility of the USD and gold moving up together.
Click here to visit Rick’s site and checkout the longer term USD chart.
Click download link to listen on this device: Download Show
Amazon tops $1000……Rick favorite (just kidding)…..Hard to believe ,Bezo is 2nd riches man behind Gates, ….Warren Buffet has to be scratching his head……….lol
This is so stupid………but as stupid as this is, ….Bitcoin is going to take off like a rocket and everyone will be scratching their heads….jmo
If, Bezo decides to use blockchain……….wouldn’t that be interesting….
BITCOIN……….Japan ….100,000 stores to start using bitcoin….bix weir
Yes, and they can’t hack your coins if you put them in “cold storage” i.e. “offline”. In other words you store them on a thumb drive, wrapped in tin foil, inside a lead lock box hidden away some place.
Advantages of Bitcoin…no naked shorting, no gap games at open or close by market makers (there is no close, or market makers), big boys are not in the game yet, no one but your wallet holder can see your stops, and no silly day trade restrictions.
Personally, if the USD ever gets to 113, I’d guess it’s because of war with N. Korea. When that happens, and it’s very likely going to happen, I hope we still have the capacity to care. Seoul will be decimated with thousands of casualties. We may have at least one less carrier……No one seems to want to talk about this, but it isn’t going away……..jmo
Gary S. says somewhat the opposite of Rick: “Not only will the bear market in the dollar drive a new bull market in gold, it will also drive the bubble phase in stocks which will continue until a parabolic structure forms and then collapses. After that the inflation will move into the commodity markets.”
Dollar bulls are funny to me. It was just a few years ago that they were saying gold would be well under 1,000 if the dollar ever went back to 100.
To show how meaningless the dollar index is, the buck hit almost 104 in January, yet gold still traded around 1170. The last time the USDX was 103-104 was Dec. 2002 when gold traded between 300 and 350. So, if the USDX reflected changes in real value rather than relative value, then gold would have been 300-350 in January, 2017.
The euro would have to fall apart for the dollar to reach 113. If that happens, gold will be better than fine.
Gold bulls are funny to me for years they have been calling for the US $ to crash and gold to the moon yet gold is still 34% off its 2011 highs ….$ index is a waste of time as gold is traded off $ yen not the $ . anyone using the $ index to prove their point is clueless. often a strong currency is a relection of its peers being much weaker
Not this gold bull. I’ve never been worried about the dollar crashing versus other currencies. I don’t know if you’ve noticed, but the buck has already crashed versus gold. It buys 80% less gold than it did 15 years ago and 97% less than it did 45 years ago.
In real terms, gold is worth more, on average, today than in 2011. Why do you think the miners are doing so well?
For example, here’s gold priced in oil:
http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24WTIC&p=W&yr=6&mn=9&dy=0&id=p16527577900
I live in the real world not in real terms as anyone who bought gold bullion priced in US$s at a bullion dealer since the fall of 2010 and cashed it in today would be breaking even as it cost $1270 US dollars plus fees back then and with fees cashing in for US$s would be a break even exercise….6+ years later….Goldcorp has lost 60% of its value since then Barrick down 58%…NEM down 40%….yet FNV is up 200% since gold was $1270 in late 2010 comparing the price off todays close
If you say so. 😉
just simple facts and reality vs spin
Lol, the spin is all yours, j: “I live in the real world not in real terms…” – That’s priceless.
Some investors understand that all assets should be be compared with one another when making investment decisions. Currencies are just another asset class.
Matthew for some unknown reason every goldbug has an issue regarding gold that just highlights their delusion and yours is…. in real terms gold is up ….100000% vs a 24 of beer a haircut…dinner out…wheat…oil….gdxj whatever… it means sweat dick all …..because the guy who bought a 100oz bar of gold in the fall of 2010 for $1260 ..today will only get $1229 when he sells it back to kitco as an example and the poor bugger who bought at $1900 based on all the experts suggesting much much higher prices well today regardless of gold vs ??? in real terms in US$s has a 30%+ loss ….thats REALITY 6 years later and if he had bought ABX…NEM…GG 6 years ago his portfolio would be worth avg 50% less = REALITY
You’re babbling, jj.
yes exactly babbling, yet another weakness you and so many goldbulls suffer from….dealing with facts, reality, as you toss labels at those who prove your chain of thought to be just BS..its j ….sorry I made you stutter
Since you’re about as dense as a brick, I’ll explain it to you.
—You hold gold because it reliably and predictably retains purchasing power REGARDLESS of what the speculative USD MIGHT do. And that’s exactly what it did. The USD happened to go up even more in that short period, but so what? Unlike gold, it reliably and predictably LOSES purchasing power over the long run.
—The miners are not gold. Read that twice. Yes, they are down substantially since they peaked 6 years ago. That is part of the reason they are so much more appealing than overpriced conventional stocks (F-ING DUH!). The miners have trounced conventional stocks since the start of last year because the REAL gold price is much higher than people like you can grasp.
—People like “the poor bugger who bought at $1900” will always be poor buggers.
yup no doubt its also a mental illness your dealing with as you just dont understand anyone who makes a valid factual point highlighting the negatives within the gold sector these past 6+ years….sad….as you wander off conversation and make assumptions that anyone who challenges your thinking is labled thick as a brick…as you wander way off the original conversation…yup you are a classic NARCISSISTIC personality…perfect for a goldbull
When did I say the past 6 years were not negative for the sector? You’re obviously addressing you’re imagination more than reality. As for your “valid factual point”, I’m still waiting for you to make one. Spewing obvious facts is not the same as making a valid point — you know, one that is useful.
SD, Seoul has 25 million people the casualties of a war I believe will be measured in the tens of millions possibly more than 20 million and maybe 30 million once the tallies of Japan, The US and North Korea are factored in, I hope I am wrong. DT
Kudos big time to Rick A & Gary S for making real calls on the US$. These two have the guts to call and be right or wrong! I get very tired of the pun-dents saying ” it’s going up but it might go down first or side-ways” & either way I am right. One of them is going to be very wrong………
Gold is being driven by LBMA, so after tomorrow we should see PMs back to gaining prices again.
NUT JOB…….Portland mayor want to pull Trump supporters marching permit, …..because he says it is “HATE SPEECH”…..and hate speech is not protected ……lol
Evergreen State College………more nut jobs……zh
I would venture to say……..most of these students will default on their student loans….jmo
longest run was in 2005 as the $ and gold rose for 10 months and again for 5 months in 2010