Wall Street Window/Michael Swanson/11-14-2022
“Last week was a huge turning point in the global financial markets. I’m not talking about the US stock market even though that is what all the financial media in the United States ever talks about. …What I’m talking about are the global currency markets. Last week the US dollar index had its biggest two-day decline in thirteen years. The volatility with currencies was extreme on a historical basis for them.… If you want to beat the markets you want to be in what benefits from a falling US dollar now and what is outperforming the S&P 500!”
USAGOLD note: The US dollar index is down roughly 5% over the past week – a major factor in gold’s recent upside.
