agony on me ...
Posted on 11/29/2015 5:11:54 PM PST by Rockitz
The year 2015 is coming to an end and we’ve seen a lot this year. Not only did we see a much stronger dollar, the gold price also weakened despite the dire economic situation in, well, everywhere in the world, terrorist attacks and additional tensions between a NATO member and Russia. Additionally, the Federal Reserve seems to be on track to increase the interest rate before the end of this year. In fact, as you can see on the next chart, gold has now almost reached a 6 year low, but two important indicators are indicating the yellow metal might have been oversold lately.
An increased interest rate theoretically means a currency would become even stronger as there would be a higher demand for the US Dollar, especially in the current near-zero interest rate environment all over the world. However, there are additional elements at play here.
From Monday on, it’s not unlikely the US Dollar will see its ratio in the Special Drawing Rights basket being reduced in favor of the Chinese Yuan. Earlier this year, China has openly demanded the IMF would include its currency in the basket considering the country’s economy now is one of the largest in the world. There were quite a few people who doubted this would effectively happen, but China has made all the necessary steps as it promised a better market transparency and has even provided an updated status of the total amount of gold on the balance sheet of the Central Bank (and whether or not that’s the true number remains open for discussion. A long discussion.).
We expect the IMF to confirm on Monday the Yuan will indeed be included in the SDR basket, and this could weaken the position of the US Dollar around the world.
(Excerpt) Read more at zerohedge.com ...
Zero Hedge, home of doom and gloom.
The dollar goes up, the dollar comes down.
Zero Hedge is run by an -Bulgarian trader banned by the SEC in 2008. His father worked for the KGB.It’s 100% constant bash and trash of the United States and pumping of gold.
With that said, they are right about the Federal Reserve and the state of the US economy. imo
I don't know but I would like to see the value of junk silver spike up.
You had asked me earlier in November about a specific date in December? Do you remember?
You may want to check out this article. But, hey! It is from Zero Hedge. They have been predicting the end of the world for damn near forever!
I'd bet on seeing 20% interest rates again before seeing a crash in the dollar.
Mr. Null and Void, please pick up the printed-currency phone.
WOW! This week is the week for this month.
Next.
the dollar is crashing against the Euro.
at launch 1999, 1 Euro = 1.20 USD
recently, ..... 1 Euro = 1.07 USD
look out below!!!
The world has to end eventually, so if you keep predicting it, eventually you'll get it right.
True enough...
ZH should join up with the London Telegraph’s
Ambrose Evans-Pritchard. Ambrose has predicted
ten out of the last zero depressions.
agony on me ...
Given our deficits and our debt, we are in a no-better situation than Greece. We are due for a crash, now that China is REPLACING us as holder of the world’s reserve currency.
The ONE DIFFERENCE is that Americans have huge amounts of money in private savings (401k’s and pensions), and the ONLY OPTION for our government after we go broke is to SEIZE THEM and replace them with near-worthless annuities. Mark my words.
Satin Doll, I've forgotten.
Better ping everyone anyway.
Will Next Week Be The Start Of The Crash Of The US Dollar? .
Yes. Yes it will.
I do remember Romney, and now Trump, warning that China was going to sink us. Obama laughed. Of course, we all know Obama WANTS the US to crash.
The world has to end eventually, so if you keep predicting it, eventually you’ll get it right.
But there’ll be no one around for you to say “Didn’t I tell you?”
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