The road to USD devaluation isn’t that far away or farfetched anymore. The dollar keeps climbing against other fiat currencies, now at ALL-TIME highs!
Look at this thing:
Did I miss the memo? The dollar is stronger than it has been at any point in history, including at the height of American supremacy, after the massive bull market in equities of the 80’s and 90’s.
Currencies are NOT assets that grow in value. Like commodities, they’re cyclical and if the dollar repeats its 2001 to 2008 move, then we’re looking at a full, 27% decline relative to other fiat currencies.
The fact of the matter is that other currencies are nonsensical, even more so than the dollar.
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This following chart really puts the big picture in perspective here:
The dollar is winning the race against competing fiat currencies – it’s similar to LeBron James playing against myself and a bunch of my friends.
But when it has to face other NBA players, the probability of winning against all of them becomes slim.
Silver was the best-performing asset of Q3, even though it was the WORST-performing asset in September. This type of volatility is typical when the engines are warming-up for big moves.
My target for silver hasn’t changed for 2019, and in all likelihood, it will make another push to clinch the $20/ounce mark.
Courtesy: U.S. Global Investors
It is true that global GDP is dependent more on the U.S. consumer than on China’s military and infrastructure demand, but we can’t deny that China is menacing in terms of its industrial capacity to gobble up commodities.
Throughout all this volatility and risk-off mode, the mining stocks have held up well.
Markets are sinking hard in the past week, but not the natural resource sector.
It has resumed serving as a hedge to traditional stocks and that means it might be ready to pop.
I’m going to take a position in a gold stock next week, which potentially has an IMMEDIATE 25%-40% return, in a matter of a few short weeks.
In the past 2 years, I’ve NEVER taken this type of approach to mining stocks, but this is just blinking GREEN, and my level of certainty that it can make an aggressive rally, right here right now, is as sure as it gets.
Since it keeps chipping away at its 52-week low, becoming ever more cheaper, I’m going to allow more sellers to clear thw way today and tomorrow; PREPARE for a huge trading alert this Sunday.
Research Partner, PortfolioWealthGlobal.com
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