The US Dollar trade is lower this early Thursday morning with the trade at 80.595, down 3 points after yesterday’s spike up to 80.655. The Dollar is truly overbought but the scenario we went thru yesterday regarding a war potential with Russia, because of the Ukrainian attempts, could scare Euro money into the US, which in turn would spike the Dollar much higher making our products too expensive to sell, thus creating a sort of flush inside our economy. Sometimes it’s nice to know how global currency flows work at the same time, changes our financial perspectives nationally doesn’t it? Treasuries are in rally mode with the 30 Year Bond up ½ a full point creating a double top, this in turn is pushing all of the truly uncollectables higher (pushing down interest rates).
Read more about The Epic battle in Silver could be happening right now
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