The Sunday Night FRBNY Special Is Back: Gold Surging, Dollar Plunging With A Healthy Smattering Of Futures Rampage
Remember that dollar renaissance from late December? Wave goodbye. More rumors of a stimulus spigot, of QE, of China taking over the world, and other somesuch. DXY is about to test 77 support. After that we have freefall.
And a plunge in the dollar means just one thing...
Yup, gold is surging. And just as it was about to test the lower bound of its channel support.
And in case you thought the 33 Liberty was not going to take advantage of this beautiful futures buying opportunity, think again.