Israel Dumps The Dollar For China's Renminbi
https://www.zerohedge.com/markets/israe ... s-renminbi
Always have a plan.
Gold is still in a long-term uptrend. I’ll only start to get very bullish with a break above the “double top” labeled on the chart (a significant resistance level now) above $2,000.
Silver is still in a long-term uptrend, but you can see that it broke below support last week. Therefore, that $22 support level will now act as new resistance on a rally, making it tough for the price to rise.
It’s just a difficult call right now with the dollar so strong. And it’s not worth a trade in any direction, in my opinion.
So what should your plan be for precious metals today? Do nothing…
Warning Sign #1: Russia Sanctions Prove Dollar Reserves “Aren’t Really Money”
Warning Sign #2: Rubles, Gold and Bitcoin for Gas, Oil, and Other Commodities
Warning Sign #3: The Petrodollar System Flirts With Collapse
Warning Sign #4: Out of Control Money Printing and Record Price Increases
Warning Sign #5: Fed Chair Admits Dollar Supremacy Is Dead
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