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Dollar Getting Smashed, Gold And Silver Higher

Commentaries & Views

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The U.S. Dollar is getting smashed in what looks like a capitulation bottom. Our target has been 94 which is approaching rapidly, as the selling is fast and furious. Commodities are the biggest benefactor of a weak dollar and are higher across the board. Gold, Silver, Oil and Grains are up nicely.

We are in Bizaro world now, equity markets never heard of bad news, Netflix goes up 10% on fair earnings and the pundits are calling this a “New Market”. That’s a croc but look for some heavy activity in all dollar denominated spaces because it looks like the bottom of the dollar is in or near.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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