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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?

 
Anonymous Coward
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08/22/2022 09:03 AM
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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?
[link to www.tradingview.com (secure)]

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.

bert-TIAll
Anonymous Coward
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08/22/2022 09:10 AM
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Re: The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
[link to www.tradingview.com (secure)]

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.

bert-TIAll
 Quoting: Anonymous Coward 83823817


hesright
Anonymous Coward
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08/22/2022 09:32 AM
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Re: The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
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?

[link to www.marketwatch.com (secure)]
Anonymous Coward (OP)
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08/22/2022 09:42 AM
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Re: The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
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?

[link to www.marketwatch.com (secure)]
 Quoting: Anonymous Coward 34166608


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.
Anonymous Coward
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08/22/2022 09:59 AM
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Re: The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
As fuct as America is, most other countries are even more fuct. This creates confidence in our currency.
Anonymous Coward (OP)
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08/22/2022 10:03 AM
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Re: The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
There is one way to not be as FUCKED as others...

PAY OFF ALL CONSUMER DEBT (credit cards and lines of credit) and stockpile cash.

The Fed is going to keep raising - credit card and lines of credit interest rates will continue to go up. If you’re living on your credit card, you’re quite literally fucking (ass raping) yourself.

You must do the opposite of most people.

PAY OFF YOUR DEBTS and bank as much cash as you can.
Anonymous Coward (OP)
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08/22/2022 10:15 AM
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Re: The Dxy is mooning right now. That’s big-time bearish for gold and crypto - you goldtards and cryptotards know that, right?
The US Dollar is getting more expensive.

The last thing you want to do is spend money on credit now and have to pay it back later with dollars that are MORE VALUABLE than they are here and now.

Pay debts now with dollars before they go up in price even more.

If you’re living on credit now, THE MATH IS WORKING AGAINST YOU.

Most people don’t stop to think about that.





GLP