By Graham Summers

The $USD is about to collapse.

This is not fear mongering, nor is it just a bold statement. The $USD has peaked and is about to breakdown in a BIG way.

See for yourself, the greenback has taken out critical support. The spike higher that occurred starting election night is looking more and more like a bullish headfake.

This means the $USD will reverse this entire move and THEN some.

Why is this?

Inflation is about to hit in a big way. Globally inflation measures are spiking up. And the $USD will be collapsing as a result.

Anyone who bought into the $USD bull story has failed to realize, that they were not in fact $USD bulls, but Yen bears.

The entire rally in the $USD has been driven by the Bank of Japan using the brief window of time between Trump winning the election and Obama leaving the Whitehouse to devalue the yen by an incredible 18%.

This is a once in a decade type intervention. And it is now over. The Trump Administration has sent out numerous warning shots that the $USD is too high.

Those who are betting on a Trump $USD bull market are going to be getting ANNHILITED in the coming weeks and months.

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

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 -- Published: Tuesday, 31 January 2017 | E-Mail  | Print  | Source: GoldSeek.com

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