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September 12, 2017 | One of These Days, the Dollar….
Rick Ackerman
I’ve returned my focus once again to AAPL as a key market bellwether, even though the stock spent Tuesday in violent conniptions. Our other telltale is the U.S. dollar, which has rallied moderately this week, although not yet enough for us to infer with confidence that the nasty correction since January is over. One thing’s for sure: When the greenback finally turns higher with a vengeance, all the nutty assumptions that have buttressed the global financial system’s house of cards will collapse overnight.
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Rick Ackerman September 12th, 2017
Posted In: Rick's Picks
Hi Rick,
Your comments please on this scenario:
Market sell-off into November ’17 (than rally in December, downtrend resuming in January ’18). Dollar spikes up into December on liquidity crisis.
Some give back in gold but January lows hold; silver breaks Jan. ’17 lows but not Jan. ’16 lows. HUI takes big hit with general equities markets going down but once in a lifetime buying opportunity in silver and HUI in Jan. ’18. Gold begins a massive leg up in Nov. 17 and keeps going. One more dip to 1.5 % in 10 yr. yields in Dec. 17 but bond vigilantes arrive something in 2018. Just a hypothetical; I’m trying to get a big picture.