The US Dollar Is Down AGAIN! Despite That, Gold And Silver Are Also Being Hit. By Gregory Mannarino
It is early here on the west coast of the United States, and the opening bell just went off 15 minutes ago.
As has been the case for many months, the US Dollar is down again, and so is both the paper derivatives of gold and silver (GLD/SLV).
Crude oil is up in early trade, and the overall equities markets are under some pressure after yesterday's big rally.
It seems that the fakery in the paper gold and silver markets will continue until it doesn't. Moreover, we are witnessing the same action with regard to the price action of cryptocurrencies as of late.
**Do any of you find the price action of "Dollar alternatives" like gold, silver, and crypto somewhat suspicious as of late?
I sure do.
Yesterday the US Dollar hit a 7 month low, and it is lower still today. Moreover, with The Federal Reserve promising to do whatever it takes to create inflation-the only direction for the dollar is down...
Gregory Mannarino @marketreport
Is it possible we will see the US stockmarket continue to melt up with a few mini crashes just to make it look real, dow 30,000 within 12 months due to all of these bizar circumstances? I see this as possible, even likely. All the big players are in this game and the digital printing presses are running red hot. Is this a year long index buying opportunity? Am I missing something here?
@leeuw it is entirely plausible, but the longer the PPT keep this ruse going the worse things are going to get. They should just let the whole pile of cards go. Would be better in the long run.
So, let us watch today's plunge being mysteriously picked up somewhere towards the end of the session? Is this popcorn material or what?
Oh yes I can't wait for it to actually pop, then I will be sat there with the popcorn.
Stock market will go down when FED decides to bring it down. Fundamental analysis doesn't work anymore. Of course you can see some patterns like: bad data from the economy means FED will print money -> buy signal.
I agree, as soon as the market even begins to take a dip (1%)
, the plunge protection team rushes in to prop things up.
So good info, this is important as a stocks trader thanks
This comment has received a 0.08 % upvote from @booster thanks to: @hamzaoui.
The old and still relevant pattern of thinking: Dollar down go to gold or an other type of asset.
The new fraud pattern: Dollar down, force gold and all other assets down, make people run to markets. Then the wall street crooks can steal it all.
Perfect analogy and beautifully said.........................
Silver is having a big sale! Get as much as you can before the sale ends! When the sale is over it will be bittersweet and very upsetting for those who will know then that they missed the boat. This is a once in a lifetime opportunity, that is why it will be bittersweet when it's over.
"FIRESALE!!!!!!!!"....................
What would life be like without them messing with the "free" market? Great post "Greg The Lion Mannarino"
Great comment D R...
@pocketechange
Oh ya? What smart ass comment did I say this time. Lol
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Try looking up Steem Now..
Ok I will look at it later tonight. Thanks
I'm from the country of the silver, thanks God I can get it fast quick and by tons
The Cartel are selling paper gold to bring price down. The options expire tomorrow.
Anyone who's entire portfolio consist of only cryptos is a fool, a healthy portfolio is diversified.
Dollars still being dumped, into real money, or assets whether it be gold, silver, crypto, but look around you everyone paying their "dollars" for alternatives, people are literally trading"dumping" dollars.
Those who think they have a retirement savings are in for a bad awakening
Dollar up = gold down
Dollar flat = gold down
Dollar down = gold down
Dollar plummets = gold down
They've found a way to manipulate gold with algos taking signals off the USD/JPY currency pair, but even that failed to work inversely today when the yen rallied but gold still went down.
Central banks number 1 mission is to keep the illusion of 'everything is fine' with their fiat currencies hence PM's must be kept in check at all costs.
I also find it very very telling that the cryptos get under pressure at the same time as PM's. I think the central banks are rigging those the best they can (by being buyers and then large sellers when they want. After all, they have unlimited fiat currency to buy the cryptos, so it makes no difference to them to suffer 'trading losses' on the cryptos)
Well that's my opinion anyway
:-)