Loading ...Charts were saying dollar was gonna crash, big head shoulder but inflation kicking up there came the Feds to fight inflation otherwise would of crashed. Funny how fighting inflation works out. Cost us more to buy things with rising interest rates while profits go in government and banks.
I can assume that why both gold and dollar could go up. Gold as a store of wealth or safe haven and the interest rates and battle to keep dollar up that would rather see our money go to them in for form of debt instead. Then there’s other currency’s might be in trouble, where are they gonna move. Maybe to both, as far as the dollar for now anyways.
Just remember though a crash and they’ll also move to treasuries, weather long or short term depending. Short term had been doing well for awhile when interest rates moving up. Now a crash or recession is predicted not to last long like 08 and Obama long term long recession did. 12-18 months this time. That’s they’re guess, maybe guessing Biden won’t win or are they? Would that be hyperinflation and depression and banana Republic to infinity with Biden here and everywhere at the same time? Sound like they’re talking about a banana Republic and hyper inflation after a recession like other bankrupt third world countries.