Mentions how a weaker USD benefits commodities (duh)....
Okay but sustainability ? See USDCAD USDAUD charts below because all they have DONE, is plunge down to SUPPORT
And IF they KEEP plunging down (thru these support levels then - yeah, we'll see a further rise in commodities).....but if they do NOT and the USD BOUNCES ?......Well, things could get UGLY for gold and commods.
This is from a month ago (it got up to 2080 aprox. but now it's back to below 2000)
I've been TRYING to locate a GOOD long-term chart of nickel (which naturally is virtually impossible, right ?)
Here are a few EFFORTS from this morning :
This chart was too large to get a proper image capture (which doesn't matter much because it's also real vague) :
What the hey (this doesn't look anything like those 3 charts above - PLUS it is IN POUNDS)
Another one in pounds from August 2019.....So like I was sayin' - it's like WTF ???
Anyways......(so frustrating that).......Similar situation exists when researching searches Copper
This from a month ago (it's just over $ 3 bucks now, so it HAS broken out - or at least has poked above its' line)
Lofty commodity prices indeed but then so too is the S&P
That S&P now thinks it can do what the SOX Index did......What a fucked up world !
MONEY-PRINTING CITY......yeah......Or at least it HAS BEEN
So.....Will the printing CONTINUE causing the dollar to keep falling and commodities to keep on climbing ?......
Or.....might we see some consolidation and perhaps maybe even a pullback ?
Man.....you Americans ? can get so worked up over things !.....
Whether it's Black Lives Matter or Stock Market Prices or Patriotism or Military Spending or College Football Games, or 4 or 5 dozen other things.....
It's like What the f%$K ?.....Can't U guys do anything in "moderation" ?
These protests in Portland and a dozen other cities where the protesters are kicking elderly republican supporters in the head when they're already down on the ground or not looking and....burning down Starbuck stores and large sections of town.....
The Dems should be saying "Hey that isn't US....Those're just pissed off millennials acting out because they've lost their (service) jobs."
There should have a third party just for them.....but the Dems don't wanna lose their vote.
It's "mankinds' inability to govern itself".....Scriptural prophesy playing on out.....
Just let the One who created this glorious planet govern things.....but most don't believe that a Creator exists.....
Anyways, that is my rant for this morning.....Take care Axolotl
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