The USD index is weakening. This is in the interests of the global financial system. U.S. municipalities are likely to be bailed out by the Federal Reserve. The IMF should sell some of its gold holdings to help emerging markets. Precious metals are strong.
Platinum is an interesting precious metal to keep an eye on. It has been under stress for quite some time now. There is a high value taken in Asia on Platinum. In Europe – keep an eye on the Pandemic Recovery Program. The European bond market is saying this Program will likely be advanced. Also Read more »
The U.S. Dollar is weaker, currently today at resistance, and the key on the movement is the Japanese Yen which has been a laggard on the major world currencies. The equity markets are getting bolstered by massive global stimulus, reference the talk coming out of the U.S. Administration and China’s markets. Copper is moving higher Read more »