Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the weakening U.S Dollar. (See the Forex and Commodities sections.)
Precious Metals:
Jeff Clark, more optimistic than ever: 2018 Gold Price Forecast and Predictions
Forex (Weakening U.S Dollar):
The decline in the US Dollar against the Euro (USD/EUR) is continuing apace. This is best visualized in the 2 year chart at XE. Clearly, the Trump Administration and the Federal Reserve banking cartel are working in concert–at least for now. They want a robust economy, and part of that is driven by strong exports. (A relatively weak Dollar is one tool to strengthen U.S. exports.) Janet Yellen’s departure was announced in November, but it won’t become effective until after some new Fed appointments take effect. It remains to be seen in the reshuffled Fed Board will change policies, after Yellen’s quiet exit, Stage Right.
Commodities (Weakening U.S Dollar):
A weak U.S. Dollar tends to push commodities higher. Therefore, barring a credit collapse, I think that 2018 will be a strong year for many commodities.
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Over at Seeking Alpha: Crude oil to pull back amid ‘tremendous speculative bubble,’ Kloza predicts