The US dollar is staring over the edge of the precipice and is ready to plummet. Rather than hand the dollar a lifeline, the FOMC in its announcement yesterday pushed the dollar further over the edge.
The FOMC made clear that it is only a matter of time before the Federal Reserve starts pumping again. So immediately after the FOMC announcement, the dollar fell and the precious metals rose in anticipation of the next round(s) of dollar debasement to come from the Fed’s “quantitative easing” policy.
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