$USD Weekly

The one great macroeconomic assumption you can make for markets making historic highs has been the decline of the $USD. The next great sweeping generalization has been the decline in interest rates. After that, we have the discounting of treasury bills as part of the foundation, and the hub activity of Wall St.

A 'running flat' correction has been occurring in the major indeces,(but not in bullion prices) leading people to believe absolutely in the primacy of the $USD, but the silver/gold ratio moves are unequivocal, namely that a $USD decline, or more a devaluation is set to occur. We'll probably see more interest rate declines, but the moves in the dollar can't be ignored any longer.

That means stagnant prices, but wilder fluctuations in currencies are probably in the cards. This is the reason why you might want to own gold mining assets, because the market will set policy rather than central banks.

http://schrts.co/27K8nO

- F6