InvestorsHub Logo
Followers 84
Posts 32158
Boards Moderated 85
Alias Born 03/22/2005

Re: None

Thursday, 12/28/2017 10:34:09 AM

Thursday, December 28, 2017 10:34:09 AM

Post# of 19856
Fwiw, The dollar broke near term support, thus helping the recent gold/silver bounce. Support was the late Nov low, so next support for the dollar should be 92 and then around the 91 level which was the Sept low. That will be key to hold since the next support is way down around 85 (from 2013, 2015).

A lower dollar reduces China's need for a big yuan devaluation and makes it easier to maintain the dollar/yuan peg, at least for now.

China and Russia both went along with the latest UN sanctions against N. Korea. There's still an outside chance that China might be able to somehow remove Kim Jung Un and install a new leader of China's choosing who will dismantle the nuke program and allow US inspections. But it's a real long shot, and the US is preparing for war with N. Korea. China definitely doesn't want chaos on their border and then a reunified Korea controlled by the South and the US.

Whether China actually has the ability to successfully remove Kim Jung UN and install a new leader is another question, seems unlikely but you never know. Most likely it'll be war, probably by the Mar-June period according to Rickards, though he hasn't updated that timeline recently.
















Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.