Walter Burien’s Market Rants – CAFR1

Walter Burien: “I have learned to pick points after asking myself: Where would they push it to if the commercials and money manager boys wanted to screw everybody? The $16.85 mark was hit a few days ago and breached today with a $16.64 low set early in the morning. In the time it took to write this article, as of 8:45 AM AZ TIME it is at $16.90.”

The Unmasking of Maine....and Beyond

10/03/14

I have not put out a Market Rants Post for over a year.

Today though I see a reason to do so.

US Dollar IndexWEEKLY CHART 5-YEARS  and  MONTHLY CHART 25-YEARS

SILVER –  WEEKLY CHART 5-YEARS  and MONTHLY CHART 25-YEARS


As of this writing the US Dollar index is at 96.825 and Silver at 16.815

First and foremost, the Dollar index over the last several years appeared to be held by the Feds at the 82.50 mark. If it went below, intervention brought it back. If it went above, Fed intervention backed off and it returned to that level.

Well, in the last few weeks the Dollar index has been picking up steam as can be seen by the current price. Precious metals in the US are priced in Dollars so as the dollar goes up, the price of metals is pressured to go down…

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