As we kickoff trading in the third week of 2018, all eyes are now on the US dollar, even as the Dow breaks above 26,000.
January 16 (King World News) – From top Citi analyst Tom Fitzpatrick: “Outside weeks indicating a lower US dollar are seen across the board in major currency pairs (see chart below).
US Dollar On The Edge Of A Major Plunge!
This comes despite good US data at the end of the last week, which should send a clear message not to fight the trend of a falling US dollar.
The market has not waited at the start of this week to take the US dollar lower still, with US dollar vs Japanese yen now below the pivot of 110.84.
The next supports on the US dollar are at 88.46 – 89.62. Below there we would see a move to 84.10 – 84.75.”
King World News note: If the US dollar continues to weaken, the decline may accelerate. This will send the prices of gold and silver surging even higher along with the shares of the high-quality companies that mine the metals.
Speaking of gold…
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his expoloration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
Also, here is a powerful KWN audio interview with Bill Fleckenstein discussing the gold and silver markets and much more and you can listen to by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: John Embry Just Warned Global Shock Is Near As Cracks Begin To Appear CLICK HERE.
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