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01:39 PM
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The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
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[quote:Anonymous Coward 83823817:MV81MjEzNDU1Xzk1OTMxNjQ4XzI3NjRDOEFG] [quote:Anonymous Coward 34166608:MV81MjEzNDU1Xzk1OTMxNTQwXzJCRjlGRUM0] The US Dollar IS going bonkers right now and I cannot understand why. The world is clearly moving away from it yet it continues to climb. Any thoughts? https://www.marketwatch.com/investing/index/dxy [/quote] Yeah, I have a thought - I don’t know if it’s the actual reason, but it’s a “thought.” The market thinks the FED will believe the lies the Bureau of Labor Statistics is telling about how strong the economy is. The BLS is lying to give the FED cover to keep raising. But the economy isn’t strong. The consumer isn’t strong. The economy is being propped up by people charging shit to their credit cards. The consumer is not strong. Consumers are maxing out their available DEBT and that will not (CAN NOT) continue. But if the fed keeps raising rates, the dollar gets more expensive (by default). If the dollar is more expensive, it’s more valuable and one dollar can buy more gold, crypto and real estate than it could before. So, as the Dxy goes up, shit dollars buy will go down in price. It’s how raising rates is effective against inflation. [/quote]
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Gold is tanking.
Crypto has come down quite a way over the past week and has one or two more down legs to it in the near future...
I’m not saying gold and crypto march in lock step...
I’m saying a surging US Dollar happens to be bearish for both.
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