With markets in Canada closed for today and the 4th of July holiday rapidly approaching in the US, the big money is keeping a very close eye on this.
US Dollar Troubles Ahead
July 2 (King World News) – Top citi analyst Tom Fitzpatrick takes a look at trouble signs for the US dollar…
Gold is making its way back into the global monetary
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Top citi analyst Tom Fitzpatrick: The chart below looks at the US Dollar Index over the past 18 months and shows it has often posted a double top before falling.
This was true at the trend highs in January 2017 (far left), and after the corrections up in March 2017 and November 2017.
King World News note: Although the US dollar rallied a today, the double top that Fitzpatrick warned about is still in place. If weakness in the dollar does materialize because of the double top, that could cement the lows of this pullback for the gold and silver markets. Let’s keep an eye on how the US dollar trades the rest of this holiday-shortened week.
ALSO JUST RELEASED: ALERT: Is This Why Global Markets Are Getting Hammered Today? CLICK HERE TO READ.
To listen to the powerful KWN audio interview with Bill Fleckenstein CLICK HERE OR ON THE IMAGE BELOW.
KWN has also released the powerful audio interview with Gerald Celente discussing what will cause the price of gold to soar, the top trend for the back half of 2018 as well as what surprises to expect and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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