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The Most Important Chart in the World Is Getting Uglier By the Day


 -- Published: Wednesday, 13 September 2017 | Print  | Disqus 

By Graham Summers

 

The $USD continues to drop like a brick, having taken out critical support in the near-term.

 

http://www.goldseek.com/news/2017/9-13gs/image002.jpg

 

This is just the beginning. It's only going to get worse from here.

 

Here’s the $USD’s chart running back 40 years. I call this the “single most important chart in the world,” because how the $USD moves has a massive impact on all other asset classes.

 

http://www.goldseek.com/news/2017/9-13gs/image004.jpg

 

As you can see the $USD broke out of a massive 40 year falling wedge pattern. This initial breakout has failed to reach its ultimate target (120) and is now rolling over for a retest of the upper trendline in the mid-to low-80s.

 

Put simply, this chart is telling us that the $USD is going to be collapsing in the coming months.

 

The implications of this are going to be tremendous for the financial system. US corporate profits will be increasing particularly for large multi-national companies. Emerging Markets will outperform.

 

And most importantly, the $USD's collapse is going to be like rocket fuel for inflation trades. 

 

If you’re not taking steps to actively profit from this, it's time to get a move on.

 

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 


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 -- Published: Wednesday, 13 September 2017 | E-Mail  | Print  | Source: GoldSeek.com

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