Most of the post election dollar madness has been revoked. It makes perfect sense, actually. Trump want to spend money like a drunken sailor. To do that, he’ll need to borrow money. Hence, the perception is for easy monetary policy, in spite of what the Fed is saying.
Plus, there’s a lot of moving parts with European QE, perhaps coming to an end or maybe even a rate hike just around the bend. The dollar index now sports at 98 handle. Look for it to trade down to Trump election night scare lows at 96.
Over a longer time frame, you can clearly see the affect European QE has had on the dollar — pushing it higher on a continuous basis.
There’s a lot of potential downside to the dollar should policy start to go the other way.
Bullish for gold.
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Regardless, the long term trend for the confetti called dollar is up. Way up; as EU starts imploding. Paper gold is bullshit. Just buy a few eagles/maples w/ cash and keep it under your mattress.
Spot on.
Bullish for Bitcoin.
BTC is great until hot war breaks-out and cutting fiber optic cables and shooting communication satellites out of the sky becomes fashionable.