US Dollar Vulnerable to a Loss of Confidence Event, Massive Shift
US debt negations have been delayed again, by squabbling political parties. We are told that in May everything will be fixed, but the debt continues to grow, and so does pressure on the US dollar.
The US dollar is vulnerable to a “loss of confidence” event. That could create a stunning decline, and a powerful move higher in the price of gold. A key level that I watch on the US dollar chart is the 80.50 area, which never seems to hold for very long.