After what has been a wild first few months of 2019, a picture speaks a thousand words.
April 25 (King World News) – The following charts are from top Citi Analyst Tom Fitzpatrick:
A Picture Speaks A Thousand Words.
Got Any Questions?
German Bond Yields Headed To
All-Time Negative Yields!
King World News note: If yields are going to continue to plunge in Europe, the United States, and around the world, what does that say about the true state of the global economy?
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
Euro vs US Dollar
Fitzpatrick continues: This is the 4th breakout in Euro/US Dollar over the last six months; however, the other three have proven to be false breaks and quickly reverted back into the range (see chart below).
Euro Moving Lower Against The US Dollar
Our bias is this break will likely sustain and lower levels in Euro/US Dollar will be seen (see chart below).
Will Euro Continue To Weaken vs US Dollar?
King World News note: If the rally in the US dollar is coming to an end after next week’s Fed Meeting, that will reignite the battered gold market. We may be headed for dovish comments or even a rate cut at the next Fed Meeting, which may have been the reason for the recent orchestrated takedown in the gold market. Meaning, the price of gold will launch from well below the $1,300 level on dovish indications from the Fed.
***KWN has now released Gerald Celente’s KWN audio interview discussing what will surprise investors in the back half of 2019 CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: Legend Connected In China At The Highest Levels Says Basel III Is Fueling Massive Central Bank Gold Buying CLICK HERE TO READ.
© 2019 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.