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Friday, 03/27/2020 1:18:25 PM

Friday, March 27, 2020 1:18:25 PM

Post# of 2188
I bailed out of USLV and JNUG at the open today. I received an email alert early yesterday, but failed to act quickly on it (see below). My delay cost me a few percentage points. Bought into JDST this morning.

While the dollar index has been plunging because of the Fed’s unprecedented money creation, other Central Banks, faced with the same problems, are going to have to resort to similar measures, which means that, while rampant debasement of currencies will escalate around the globe, whether the dollar index rises or falls against them will depend on whether they create money faster or slower than the Fed. Either way, currencies are going to lose their purchasing power at an increasingly rapid rate, and I don’t think I need to tell you what that is good for – a rapid rise in the prices of gold and silver.
Whilst gold and silver have been performing strangely over the past week or so and are looking vulnerable to a rollover over the near-term, which is why we ditched our recently bought leveraged ETFs yesterday for a profit, longer-term the outlook could scarcely be better. So we will be watching them closely going forward.

End of update.


My posts are my opinion. Always trade at your own risk.

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