Loading ...not just up against the other fiat currency’s but against real goods. Seems like they’ve dropped the hammer on most commodities in general, so the rate hikes are working. I still think July will be the end of the hikes. 75 bps and pause. If they only do .50%, market will go crazy up.
What if they’re boosting the USD so they can devalue when things get really bad?
It appears the shares can stay lower longer than most can stay solvent. G & S as well, RSI on GLD is 25 and has been under 30 for since July started. Same with SLV, relentless downside.
Someone buying in here should make a lot of money on the bounce that’s coming.
Just noticed the Ruble is up about 8% against the USD. Something is not right in the currency markets. Silver finally bottoming this am? Nice reversal premarket.