Wild trading continues in markets as gold futures surge another $115 and the US dollar collapse accelerates, but take a look at this…

US Dollar Collapse
April 10 (King World News) – Peter Boockvar:  … what stands out the most today is the continued weakness in the US dollar where the DXY is having its worst percentage day since November 2022 and nearing 100. The last time it broke 100 was in July 2023.

KING WORLD NEWS NOTE: US Dollar Index Has Largest One Day Collapse Since 2022!

This is happening obviously with US stock and long end bond weakness and this just smells of foreign flight from US assets. I include again the chart from Torsten Slok below measuring the foreign holdings of stocks and bonds, including corporates.

KING WORLD NEWS NOTE: Interest Rates Continue Surging As Foreigners Keep Dumping US Treasuries

For every tick down in the US dollar, the more expensive these tariffs are going to be for us.

Big Picture Looks Extremely Bullish
Graddhy out of Sweden:  All these big picture precious metals ratio charts are now breaking out.

Latest one is GDX vs NDX, included below.

KING WORLD NEWS NOTE: GDX Gold Mining Index Set To Accelerate Higher vs Nasdaq

The global capital rotation into precious metals is not starting now. Nor is it “confirmed” now. It started when these ratio charts below turned, which I posted on in real-time back then for each chart. The “confirmed” capital rotation turn is not now, it happened many, many months ago. 

KING WORLD NEWS NOTE: Gold vs S&P 500 Continues To Surge

Shared these charts earlier saying they were to break out. They have now done that, all of them. Very few believed it when I shared it, but that is how it must be – most have to be at the wrong end of sentiment at big levels, breakouts and turns. Including all analysts, “experts” and services.

KING WORLD NEWS NOTE: HUI Gold Mining Index To Soar 5,000% vs Tech SOXX

Among many other clues for this was that gold had the 8 year cycle low back in 2022 (which I called in real-time), plus broke out of a 13-year bullish pattern 15 months ago (which I posted on when it happened).

KING WORLD NEWS NOTE: AG Set To Skyrocket vs NVDA

And with a bullish backdrop like that – plus many other significant clues if one knows where to look – then do not listen to the ones calling for outrageously low numbers during the declines, since gold is now in a resumed, raging bull market since 15 months back.

The precious metals tide turned 15 months ago with gold and silver’s historical breakouts, which meant they resumed their bull markets.

Email From KWN Reader
Email from KWN reader Tom S:  The essay by Gregory Mannarino sounds like what us Hippies were saying in 1969. Tune in, turn on, and drop out.

It worked for me, I am living on my one acre avocado and orange orchard here in Hawaii, I have chickens, pigs.

The Vietnam War showed us the beginning of Big Brother and Gangster Presidents.

Remember, we were getting drafted to go to Southeast Asia, and kill Vietnamese people.

I love the Trends Journal think tank. And KWN.

Tom S

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