DXY to Remain Devalued
Updated
Devaluation of the dollar continues, with a new low of the 10year yield for U.S. treasuries. This will cause gold to rally as seen in the last few weeks. My bias for gold remains solid, with another few months of buying to reflect multi-year allocations to both miners and minerals in general. The U.S. dollar continues to devalue the purchasing power for us americans. Never in history has a country been able to do this, while the economy is slowing, while raising debt into triple digits of % GDP raising deficits as a % of GDP.
13:08:33 (UTC)
Mon Jul 27, 2020
13:08:33 (UTC)
Mon Jul 27, 2020
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