Euro Bull, Dollar Bear? July 11 (King World News)

– Holger Zschaepitz: “US is set to take the global currency war to a whole new level, SG‘s Edwards says, as Euro is 25% undervalued vs Dollar, meaning US is importing deflation. Recent tweets from President Trump indicate his tolerance for the strong dollar has just about run out. (See chart below).

Euro Significantly Undervalued vs US Dollar

Fed Wants Even Bigger Bubbles
Holger Zschaepitz continues: “Dow rallies 200 points to close above 27,000 for the first time ever (see chart below).

Fed Wants Even Bigger Bubbles: Dow Punches Above 27,000 For First Time

Deja Vu Summer Of 2007
Stephanie Pomboy of Macro Mavens: “Anyone else getting deja vu to summer 2007? As then, the stock market is rallying hard on the prospect of rate cuts but the corp credit market is not allayed. With a record amt of corp debt -of record low quality-rolling in record sum, rate cuts are once again WAY too late. (See chart below).

Rate Cuts Way Too Late: Are We In ’07, Right Before Crash?

Silver Will Lead When It Breaks Out
Graddhy out of Sweden: “Think silver is ready now. Symmetrical inverse h&s on my daily that will give it the extra energy to BO on my weekly. … As said, silver will take the lead when it breaks out on my weekly. (See charts below).

Silver Preparing For Liftoff

Major Silver Breakout Imminent

Miners vs Gold
Mike Larson, Senior Analyst at Weiss Ratings: “Interesting set up in gold miners / GDX here. May be worth noting that while gold itself has taken out 2016 highs, and is trading around its highest level since 2013, GDX has not. Will miners play catch up? Or is gold overbought? Leaning toward Option 1. (See chart below).

GDX: Will Miners Play Catch Up Or Is Gold Overbought?