Loading ...USD
Technically the USD has made a lower low today than March 18th which would normally indicate that the Trading Cycle has failed here. It is close enough, however, to be considered a double bottom so I am watching it closely. PM complex is struggling a bit with the USD down which is somewhat strange.
My macro view tells me the PM’s are reacting to SM now as a directly competing asset class, not the USD (when stuff hits the fan $ won’t be going to the USD, it will be going to PM’s). The fed can no longer serve all of it’s new masters 1) SM 2) World Econ Stability 3) USD Stability. 4) “full” US Employment.