If you need yet another reason why you should be dumping US dollars, well here it is.
The chart below, is ticker UUP, dollar bullish ETF to date.
As is very clear to see, the US dollar is in a multi-month downward trajectory, in fact stuck in a trading channel, with no end in sight.
What makes matters even worse for the US dollar moving forward is again the federal reserve, who has promised to create inflation by any means necessary. What this means is we can all expect the downward trajectory of the US dollar to continue.
In my opinion, despite the fact that "dollar alternatives" such as precious metals and cryptocurrency's remain under pressure as of late, these are the places you need to be-simply because of the fact that the Federal Reserve is determined to continue devaluation of the dollar until they hit their inflation objectives.
Gregory Mannarino
