Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
This Invisible Tech Stock Threatens Amazon with 800,000+ Online Stores - 21st Nov 19
Crude Oil Price Begins To Move Lower - 21st Nov 19
Cracks Spread in the Precious Metals Bullion Banks’ Price Management System - 21st Nov 19
Why Record-High Stock Prices Mean You Should Buy More - 20th Nov 19
This Invisible Company Powers Almost the Entire Finance Industry - 20th Nov 19
Zig-Zagging Gold Is Not Necessarily Bearish Gold - 20th Nov 19
Legal Status of Cannabis Seeds in the UK - 20th Nov 19
The Next Gold Rush Could Be About To Happen Here - 20th Nov 19
China's Grand Plan to Take Over the World - 19th Nov 19
Interest Rates Heading Zero or Negative to Prop Up Debt Bubble - 19th Nov 19
Plethora of Potential Financial Crisis Triggers - 19th Nov 19
Trade News Still Relevant? - 19th Nov 19
Comments on Catena Media Q3 Report 2019 - 19th Nov 19
Venezuela’s Hyperinflation Drags On For A Near Record—36 Months - 18th Nov 19
Intellectual Property as the New Guild System - 18th Nov 19
Gold Mining Stocks Q3’ 2019 Fundamentals - 18th Nov 19
The Best Way To Play The Coming Gold Boom - 18th Nov 19
What ECB’s Tiering Means for Gold - 17th Nov 19
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets - 17th Nov 19
Dow Jones Stock Market Cycle Update and are we there yet? - 17th Nov 19
When the Crude Oil Price Collapses Below $40 What Happens? PART III - 17th Nov 19
If History Repeats, Gold is Headed to $8,000 - 17th Nov 19
All You Need To Know About Cryptocurrency - 17th Nov 19
What happens To The Global Economy If Oil Collapses Below $40 – Part II - 15th Nov 19
America’s Exceptionalism’s Non-intervention Slide to Conquest, Empire - and Socialism - 15th Nov 19
Five Gold Charts to Contemplate as We Prepare for the New Year - 15th Nov 19
Best Gaming CPU Nov 2019 - Budget, Mid and High End PC System Processors - 15th Nov 19
Lend Money Without A Credit Check — Is That Possible? - 15th Nov 19
Gold and Silver Capitulation Time - 14th Nov 19
The Case for a Silver Price Rally - 14th Nov 19
What Happens To The Global Economy If the Oil Price Collapses Below $40 - 14th Nov 19
7 days of Free FX + Crypto Forecasts -- Join in - 14th Nov 19
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19

Market Oracle FREE Newsletter

$4 Billion Golden Oppoerunity

US Dollar Breakdown Begins, Gold Price to Bolt Higher

Currencies / US Dollar Jun 30, 2019 - 06:29 PM GMT

By: Jim_Willie_CB

Currencies

A major breakdown is in progress for the USDollar index. It has broken its intermediate uptrend which began in April 2018. Eighteen months of official rate hikes and tremendous hidden activity with derivative bond purchases, which obscure the absent USTreasury Bond buyers, have finally weighed on the King Dollar. The USEconomy suffers from 20 key breakdown signals, about which the lapdog press refuses to report. The historical tightening has turned into a failed experiment, an attempt to return to normalcy when no such event can possibly occur. Ponzi Schemes cannot be gradually unwound. The USGovt debt has gone past $22 trillion. The USGovt deficit this year is set to surpass $1.3 trillion. The missing money volume for the USGovt, a fat pig exploited by various departments, is conservatively estimated at $21 trillion. The global bond market investors no longer expect the USGovt debt to be repaid, as a failure mindset has crept into the bond arena. Given the repeated treatment since 2008, with expansion, the USTreasury Bond has become the global subprime bond. Next comes the reversal of monetary policy, where the US Federal Reserve begins to do emergency rate cuts in sequence. Expect some big name corporations to be monetized. The USDollar will be harmed, Gold will surely rise, and Oil will likely fall. A very valid point must be made. In past financial crises, the United States drew $trillions in capital from foreign markets. Next the opposite will occur, as foreigners will remove $trillions from their US holdings in both stocks and bonds. The US will be left to defend itself with corrupt devices. Gold will respond.


The uptrend is clear from April 2018 through May 2019. It has been broken, but so far without much power. It is in the early stage of breaking the intermediate trend. Watch for the Moving Average bearish crossover to occur. The 20week MA is at 96.66 and the 50week MA is at 95.99 with not much time before a potential crossover. When the 20wMA goes below the 50wMA, a long parade of alarm bells will go off. Technical traders follow the Moving Average bear signal. Also watch the 95.5 level as key support, and the 93.7 level as key support. The latter is far more important. The global revolt against the USGovt debt will play out in both the USDollar and USTreasury Bond. However, expect some profound Wall Street shenanigans and treachery, where they push the US Stock market down, cause a mild panic, and direct the funds into the supposed safe haven of USTBonds. They did the same a year ago, and 20 other times in the last two decades. They protect the USGovt debt market, and work to keep the borrowing costs down. So the irony will be seen in a bond market rally in the face of the Dollar Balance of Payment crisis.

CORRECT FORECASTS LINING UP
The Jackass forecasts are coming to the fore, made over the past few years:

  • Gold Trade Note is launched
  • Germany flipping East
  • China buying Saudi oil in RMB terms
  • USGovt tossing the Saudis under the bus
  • USFed reverts to Infinite QE Forever
  • USTreasury Bond recognized as global subprime bond
  • Numerous non-USD bank transfer facilities emerge
  • Britain seeks a role in Belt & Road Initiative
  • Iran becomes a vital member of Eurasian Trade Zone
  • US loses control of oil market as OPEC dissolves
  • The Dual Universe comes into form, USD vs RMB
  • Shanghai gradually wrests control of Gold market
  • US bond market unravels as crisis expands
  • US finds utter isolation

GOLD PRICE READY TO BOLT HIGHER
The multi-year long-term Gold price downtrend has been broken. Holding the Gold price down should be far more difficult. The recent USFed FOMC meeting has pushed its price higher in USD terms, for a five-year high. A global revolt is on full bore. The $1400 resistance level will soon give way in a clear manner. There are 10-12 major factors pushing gold up, from USFed policy to USGovt debt levels, to dumped USTBonds globally, to anger at US-led sanctions, to rising non-USD trade. As the Jackass forecasted three years ago, the US Neocon leadership has decided to sanction its own key allies. They will earn isolation. The USGovt will be left to support its own debt by means of the most pernicious devices, internally controlled. In other words, the USGovt will deceptively purchase its own debt. This will end badly. The Gold breakout target is $1750 per oz.

The Gold price has not registered new all-time highs in USD terms, but its breakout from the very long-term downtrend is very significant and very well noticed. The six-year resistance level of $1400 is being challenged. Just today Friday, the Asian trading took the Gold price to $1422. The New York crowd pushed it back down toward the $1400 again, but the breach has been made. Finally the Gold market has gathered significant attention. Numerous current factors are pushing the Gold price, which should very soon impressive unmistakable moves. The entire Hat Trick Letter contains justification for higher Gold price, with dozens of important critical factors at work to push it higher. The reversal pattern is extremely clear, from the 1400 top to the 1050 bottom. It defines the breakout target to be $1750, in a 350-point run which will capture global attention. The gold fever will return, at long last. The runup could happen later this year, or early next year. The two primary players in control are China and the USFed & EuroCB.

These vile central bankers are busily accumulating Gold, dumping USTreasury Bonds here and now. They are using closely aligned financial firms to manage the process. They are using double book accounting, so that nothing shows up on their balance sheet for prying eyes. They will continue to criticize Gold while accumulating, as they follow the Basel plan for exiting the grand insolvency that plagues the major central banks. They acted as buyers of last resort for 20 years, gobbling up toxic sovereign debt securities. They find themselves in a horrible bind. Their solution is vast gold accumulation. They want to buy gold from the gullible distracted deceived always shallow public.

It should be noted that the Gold price has broken out to new highs in almost every single major and secondary FOREX currency. It first broke out in the Australian Dollar, and in the British Pound. These actions fortify the movement in USD terms. A word of caution. The banker cabal, the globalist fascists, the corrupt elite uber-lords, will attempt to delay and derail the big powerful Gold market advance. They might succeed for a few weeks or a few months, but the Russians, Chinese, Indians, Iranians, Indonesians, and Turks will assure the Gold Standard arrives, is implemented, and stands. Gold will prevail over the USDollar.

GOLD BREAKOUT IN MAJOR CURRENCIES
The Gold price breakout has begun in Euro terms. All signals point higher. The EUR 1240 top of July 2016 will not hold. The momentum is fierce. European unity is fracturing amidst debt, yellow jacket social strife, and a cratering economy. Big moves are coming, to capture global attention.

The Gold price breakout is building in British Pound terms. All signals point higher with more momentum than in the Euro counterpart. The GBP 1060 top of October 2016 did not hold. The momentum is fierce. Big moves are coming, to capture global attention.

The Gold price breakout is building in Swiss Franc terms. All signals point higher with equal momentum to the Euro counterpart. The SWF 1340 top of July 2016 did not hold. The momentum is strong. Big moves are coming, to capture global attention.

The Gold price breakout is entering another gear in Aussie Dollar terms. All signals point higher with more momentum than in almost any other major currency. The AUD 1800 top of July 2016 did not hold. The AUD 1880 top in February 2019 was also easily surpassed. The momentum is fierce. Big moves are coming, to capture global attention.

THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

"As a Golden Jackass subscriber, I greatly enjoy listening to your interviews because it really lends a sense of passion that lies behind the tremendous body of information and formulation that goes into your monthly research. Though I must admit, it scares the hell out of me most of the time. Still, I will not miss it for the world. I feel that having a truly objective insight from your research, in depth analysis, and accurate forecasts gives me and my family an important life saving advantage. And I mean that sincerely."

   (MichaelS in Ontario)

"I have continued my loyal patronage of your excellent commentaries not so much because of my total agreement with your viewpoints, but because you have proven yourself to be correct so often over the years. When you are wrong, you have publicly admitted it. You are, I suppose by nature, an outspoken and irreverent spokesman for TRUTH against power, which differentiates you from almost all other pundits on world affairs."

   (PaulR in Hawaii)

"For over five years I have been eagerly assimilating any and all free information (articles, interviews, etc) that Jim Willie puts out there. Just recently I finally took the plunge and became a paid subscriber. I regret not doing this much sooner, as my expectations were blown away with the vast amount of sourced information, analysis tied together, and logical forecasts contained in each report."

   (JosephM in South Carolina)

"Jim Willie is a gift to our age who is the only clear voice sounding the alarm of the extreme financial crisis facing the Western nations. He has unique skills of unbiased analysis with synthesis of information from his valuable sources. Since 2007, he has made over 17 correct forecast calls, each at least a year ahead of time. If you read his work or listen to his interviews, you will see what has been happening, know what to expect, and know what to do."

   (Charles in New Mexico)

"A Paradigm change is occurring for sure. Your reports and analysis are historic documents, allowing future generations to have an accurate account of what and why things went wrong so badly. There is no other written account that strings things along on the timeline, as your writings do. I share them with a handful of incredibly influential people whose decisions are greatly impacted by having the information in the Jackass format. The system is coming apart on such a mega scale that it is difficult to wrap one's head around where all this will end. But then, the universe strives for equilibrium and all will eventually balance out."

   (The Voice, a European gold trader source)

by Jim Willie CB
Editor of the “HAT TRICK LETTER”
Home: Golden Jackass website
Subscribe: Hat Trick Letter

Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at  www.GoldenJackass.com, which includes a Squirrel Mail public email facility.

Jim Willie CB Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules