DrStool Posted July 28, 2020 Report Share Posted July 28, 2020 Influences on USD include trade flows, including tourism, Financial flows, and pure trading flows. I've often wondered which is dominant. Normally this time of year Americans are selling dollars and buying euros heavily because of travel. More Americans travel to EU than vice versa. Without that, you'd expect USD to be stronger than normal this year. But it's weaker. That leaves financial flows and trading flows. Obviously, there's a lot of buying of Treasuries. That would require foreigners to buy dollars. Again, it's not showing up in the USD price in other currencies. So by process of elimination, this move is all about traders playing the charts. As losses mount for dollar paper holders, they're under pressure to sell the assets, i.e. Treasuries and US stocks, right? So that should be bearish for those markets. What am I missing? Dicsucs Link to comment Share on other sites More sharing options...
SiP Posted July 28, 2020 Report Share Posted July 28, 2020 Huge moves on sliver and gold Link to comment Share on other sites More sharing options...
SiP Posted July 28, 2020 Report Share Posted July 28, 2020 A Mighty Short Squeeze May Be Building in Gold An increase in demand for physical deliveries could trigger a parabolic rise and cause problems for banks. https://www.bloomberg.com/opinion/articles/2020-07-27/a-mighty-short-squeeze-may-be-building-in-gold-futures?sref=ZVajCYcV Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2020 Author Report Share Posted July 28, 2020 Gold getting killed. US Doobber rallying. Link to comment Share on other sites More sharing options...
jp6 Posted July 28, 2020 Report Share Posted July 28, 2020 26 minutes ago, SiP said: Huge moves on sliver and gold Sold all my position in Silver and some Gold. Should be able to pick it all up around $20 Next cycle down Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2020 Author Report Share Posted July 28, 2020 OK. Do zobaczenia! Gotta finish a report! Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2020 Author Report Share Posted July 28, 2020 ES bouncing bottom of channel here. Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2020 Author Report Share Posted July 28, 2020 Kerplunk. Link to comment Share on other sites More sharing options...
specie Posted July 28, 2020 Report Share Posted July 28, 2020 silver...gold.....pretty funny reactions Link to comment Share on other sites More sharing options...
jp6 Posted July 28, 2020 Report Share Posted July 28, 2020 Just now, jp6 said: If Gold Takes out 1919 then Correction has started if not then retest of 1969 should happen. Silver Rocket ride is finish for now Link to comment Share on other sites More sharing options...
No Einstein Posted July 28, 2020 Report Share Posted July 28, 2020 6 hours ago, DrStool said: Influences on USD include trade flows, including tourism, Financial flows, and pure trading flows. I've often wondered which is dominant.................... what about oil....the petro-dollar is HUGE ....ever since the oil crash in April I have been musing about the effect the crash in petro-dollars would have on the dollar...over simplified to be sure..but it seems to me every country on earth has spent fewer of their dollars on oil which would, might, result in more dollars available in the system..supply and demand, more dollars available, dollar value drops. I also wonder if it would take time for those dollars to "pile up" in the system...thus the lag of just one month from oils crash in mid APRIL to the beginning of this down leg in the dollar which started in mid MAY... only one month...20 trading days not saying it is the whole reason, but maybe a factor exacerbating the dollars weakness... feedback required😉 Link to comment Share on other sites More sharing options...
jp6 Posted July 28, 2020 Report Share Posted July 28, 2020 Just now, jp6 said: Silver Chart with scenarios. Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2020 Author Report Share Posted July 28, 2020 22 minutes ago, No Einstein said: what about oil....the petro-dollar is HUGE ....ever since the oil crash in April I have been musing about the effect the crash in petro-dollars would have on the dollar...over simplified to be sure..but it seems to me every country on earth has spent fewer of their dollars on oil which would, might, result in more dollars available in the system..supply and demand, more dollars available, dollar value drops. I also wonder if it would take time for those dollars to "pile up" in the system...thus the lag of just one month from oils crash in mid APRIL to the beginning of this down leg in the dollar which started in mid MAY... only one month...20 trading days not saying it is the whole reason, but maybe a factor exacerbating the dollars weakness... feedback required😉 Good stuff! Link to comment Share on other sites More sharing options...
DrStool Posted July 28, 2020 Author Report Share Posted July 28, 2020 Mortimer lookin' good. Link to comment Share on other sites More sharing options...
No Einstein Posted July 28, 2020 Report Share Posted July 28, 2020 https://twitter.com/i/status/1287472886131949569 the passengers are the market participants the driver is...wait for it..... THE FED😁 Link to comment Share on other sites More sharing options...
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