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
