In what seems, and is, and unrelenting move, the US dollar is down yet again. Meanwhile despite the dollars drop, not a peep about it is being heard from the mainstream financial channels.
The US dollar is without a doubt technically over sold however, there does not appear to be a bounce anywhere on the horizon and that is troubling.
In my opinion it is simply just a matter of time before the mainstream financial channels will have no choice but to stop ignoring the fact that the dollar is in a lot of trouble.
I also firmly believe that it is only a matter of time before the consumer feels the sting of the dollar bleeding off purchasing power-which will affect consumer spending, and GDP.
If you ever needed a reason to diversify out of the dollar, well now its in your face.
Gregory Mannarino @marketreport
