Does America winning the Currency war?
Does America winning the Currency war?

The simple reason why I still give United States the “world power”, is simply because they control the world money, by being the world currency. I think in they case, they don’t really need to own gold, as others country…since the man who control the price, can buy anything right? You can have all gold you can find, it doesn’t mean you are rich, if gold doesn’t worth anything.

Few weeks ago, I was thinking by touching the red down trend line at 89$, dollars will go down and gold up….I was wrong. Since it did not happen, I start to look for the next turning point, witch will be at the “orange line”. at 96-97$ on this chart.

The fat red line, represent very strong resistance, if silver go below this trend line, the next ressitance will be at about 9$ and then 5$/oz
I’m sure people think I’m crazy to see Silver that low…and saying this is impossible… but not long time ago, when silver was at 25-20$…many people was also seeing im crazy to see silver drop at 15$ price range.

By being in a pennant..we should see the next long term direction very soon.
For Gold Price target and direction, see past Blog post, by Joel Wissing.

If you analyse properly…you will understand, that see Natural Gaz at 3.3$ is not a big deal so far.. and the bottom price , it’s at about 2.2$, when it touche the Green Trend line ( bull Trend)
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Oh Ya ! let’s go back on US Dollars , Oil, Gold and Silver….next movement…


They important think to understand is :
- When US Dollars going UP, Gold and Silver price going Down.
- To change Gold and Silver price, to go Up again, you need to change US dollars, present momentum.
- to change US Dollars Momentum,( go down), you need to change the cause of US Dollars going Up, witch it’s OPEC decision to bring the Oil Price down on purpose.
Two know what to do… Watch OPEC release news

If ever they succeed to break 50-55$ range, this will be catastrophic for everyone, are a world recession may start. And the bottom price will be at 40$
If…again , we break the 40, next price range will be 40-20 and this is very bad, since it can stay in this range for very long time.
But since it’s the OPEC who control the Crude Oil price, and it’s more a political game between Russia, USA, and Arab Saudi ( witch are loosing a lot’s of money right now in this game)…I really don’t think anyone will consider to drop Oil under 40$..

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