The US Dollar is falling apart fast. Really fast. Two days ago it completed a failed daily cycle when it traded below 76.12. Now, the US Dollar has already failed its yearly cycle by trading below 75.63. The next downside target for the US Dollar would be the 3 year cycle low at 70.70.
Please see this: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqOqbRxRAWAr2gaYTc5aNSaa0Q83_UUnE6xzqp2qZEr_vac3msGLrVlEEj8WfDNpiIKF-EI60eVcvZcqcsmxK9UBe9QmoxW43qBlMwaeDhUED4rdezBtWyLOeH8sBdADX1cKVfu1gbh9fF/s1600/7558.png
Can you comprehend what will happen to the price of commodities when people realize that the world's reserve currency is in a precipitous freefall? Who will want to own the currency then?
Who wants to own it now, for that matter? Something like 70% of all new government debt is being purchased by our FED - not the Japanese, or Saudis or Chinese. Americans are buying their own debt because no one else wants it.
So what will people buy with dollars to get rid of them? Why, just about anything that is tangible, for starters. Such as, you guessed it, gold and silver. I believe at some point just weeks away people will make this exchange in shear emotional panic as the waterfall they are riding is accelerating towards earth.
For a relatively brief period of time precious metals will be seen by many as the only way to save ones self from the onslaught of hyper inflation. And as you know, this is the dynamic that fuels a parabolic rise in price.....too many people desperately chasing a solution to an impossible problem.
This is a great time to buy precious metals and their miners.
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