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luckymonkey

54 Posts.

27

16/06/20

14:39

Post #: 45252300
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Originally posted by slange: ↑

A move below 95.72 in the US dollar index will be the first sign of a successful attempt at pushing the $us lower.Then once 94.65 gets taken out that will be a clear sign of what these guys are up to.
They are absolutely desperate to pump whatever liquidity they can get their hands on into this system to prevent a seizure.
Gold was heavily manhandled all day yesterday and into the evening as they pull the dollar lower. Just before midnight gold had decide it had had enough (either that or the pressure release valve was released enough to alleviate the building up of too much pressure creating a much bigger and more powerful rally) and marched higher.
So we may well be back to the old game of manipulating the dollar and then attacking and capping gold.
A falling gold/silver ratio would indicate the inflation trade is on, along with the juniors out performing the seniors.
We shall see.

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If the markets resume its downward move tonight, the ECB might seize the moment and turn the euro back down. They are just eager as the Fed when it comes to depreciating.
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