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DXY - overvalued
Hello Market participants,
As you might have noticed, gold has several ''ennemies'' from which one of it's biggest is DXY US dollar.
As you might have noticed too, printing and printing money, decreases it's value, because of the debt cycle the fed is creating.
However, from a fundamental point of view, the pay check stimulus of 1400 EUR, created a false valuation for the DXY.
I predict USD still to grow for a while, and this is very bad for the metals and especially for the yellow one.
Let me know and regards,
Kevin
As you might have noticed, gold has several ''ennemies'' from which one of it's biggest is DXY US dollar.
As you might have noticed too, printing and printing money, decreases it's value, because of the debt cycle the fed is creating.
However, from a fundamental point of view, the pay check stimulus of 1400 EUR, created a false valuation for the DXY.
I predict USD still to grow for a while, and this is very bad for the metals and especially for the yellow one.
Let me know and regards,
Kevin
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