Martin Armstrong is staggering on the US Dollar
This is the comment for the end of the year on the Martin Armstrong site,who has been for long time the most avid supporter for a US dollar bull market:
“The Dow failed to OPEN above the 2017 Intraday high so we are not yet ready for prime time. This is still a 0ff-Broadway play, but we are getting closer. The dollar still finished neutral so it too is not yet ready for its move higher. Gold closed in a positive position for the end of 2017 confirming the posture in the dollar.
We will review all the world markets for 2018 in the coming Outlook Report for 2018.”
A commendation to analysts like Graddhy who had predicted in advance what was about to happen,for the first time Armstrong is surrendering to the evidence of a weak dollar (let’s hope this will not reverse the trend!!!!!)
Thanks M.
Unless the Fed hikes the rate historically massively during the coming say six months, nothing can really change what is coming.