Written by Rick Ackerman, Rick’s Picks
A Dollar Breakout Could Call Fed’s Bluff
The chart below shows the dollar poised for a breakout that could hold very significant implications for all classes of investable assets – gold, crude, bonds, you name it.
It could also shut the pie-hole of the Fed’s soon-to-be-replaced blatherer-in-chief, Janet Yellen, since the last thing America’s world-beating multinational companies want is a rip-snorting dollar – one whose ferocity would only be exacerbated by Fed tightening and/or more empty threats of it.
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