As we move toward the end of trading in the first month of 2018, here is a gold bull alert showing the Chart of Death for the US dollar.
January 24 (King World News) – Discussing the magnitude of the coming plunge in the US dollar, top Citi Analyst Tom Fitzpatrick warned: “A repeat here would suggest a fall that might eventually take the USD Index below 70.” Here is Fitzpatrick’s Chart of Death for the US dollar:
Chart of Death…Expect 7 Year Decline As US Dollar Index To Plunge Below 70!
King World News note: As we near short-term support on the US dollar, it’s quite possible we may soon see a countertrend rally in the dollar…
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However, from a big picture perspective the US Dollar Index’s eventual break below the 70 level will create global panic but it will be extremely bullish for gold and silver prices as well as the shares of the high-quality companies that mine the metals. Continue to use any serious shakeouts to accumulate physical gold and silver as they are still in the very early stages of the next leg higher in their secular bull markets.
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***ALSO JUST RELEASED: US Dollar Plunge Accelerates As Gold & Silver Power Higher But This Is What Has Everyone Worried CLICK HERE.
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