It’s USD, Stupid
Hey Friends!
It’s the dollar’s move now. The bulls have made their moves on stocks, gold and T-bonds but there is not enough liquidity to go around. Gold prices can only move higher if the stock market or the US dollar surrenders. There is a chance I will be wrong and they win the confidence game, pushing the stock market higher. If they do this there is a real chance that the US dollar will continue higher too.
But for the reasons above, I doubt that what they have decided to do so far will be enough to keep the party going on Wall Street.
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP
CryptoWealthCoach.com/VIP
It’s the dollar’s move now. The bulls have made their moves on stocks, gold and T-bonds but there is not enough liquidity to go around. Gold prices can only move higher if the stock market or the US dollar surrenders. There is a chance I will be wrong and they win the confidence game, pushing the stock market higher. If they do this there is a real chance that the US dollar will continue higher too.
But for the reasons above, I doubt that what they have decided to do so far will be enough to keep the party going on Wall Street.
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP
CryptoWealthCoach.com/VIP
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