Bullish on US Dollar, Bearish on Silver, Gold? Heed This Warning

Interesting to watch all of the silver and gold bears running out into the streets from their caves beating their chests due to the silver shellacking we just saw. Getting jiggy with the US dollar rally is all the rage right now, and stomping on the precious metals bulls is the hot sport. The only problem is, calling for a crash after a crash is kind of like picking the winner of the NCAA tournament at your office the day after the tournament ends. It’s rare to get a crash on top of a crash, and trying to predict any crash is a fool’s game anyway. The reality is the US can’t even keep their continually rising debt ceiling in check let alone run a normal breakeven budget. The constant calls for the end of Q2 are kind of funny, because in one form or another, we will see a Q3… call it what you will. Getting on board now with being bearish on silver or gold and bullish on the US dollar is probably going to be short-lived near term. One of the confirmations I look for at bottoms is not just with my Elliott Wave patterns or charts; it’s whether headlines, forecasters, and erstwhile market seers are going in the same direction and high-fiving each other. When everyone stops trying to call the top in gold and silver, then we will probably have a major top in three years or so, but not yet. The bottom line is that silver was likely to top in the $45-$47 per ounce range after a huge rally from $26.50 whether or not the COMEX raised equity requirements. I had forecasted a run to the $45 highs way back in the mid-26’s for my readers. I had mentioned that as we approach those highs, predicting the next “D wave” correction would be very difficult indeed. Certainly the COMEX raising equity requirements made that D wave that much more difficult to assess. The fact that they did it four times in one week certainly sped up the correction and caused an “overthrow bottom." Now if we can step back and take a deep breath, we can see that silver roughly retraced a Fibonacci 61% of the rally from 26.xx to $49.xx and this is typical of a major wave correction in sentiment and price. Gold has so far retraced 61% of its prior third wave up, and that does happen as well. Investors and forecasters simply like to use the day’s headlines to explain the action so they can feel justified with what just occurred. I believe that the headlines don’t much matter during rallies or corrections.

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Gold Rises, Silver Bounces Back due to Weaker US Dollar

The head of Capital Spreads, Simon Denham, told that the metals were took advantage from lower values of greenback versus its global counterparts, but he also accredited the chance of a continued positive run for silver. The dollar index, which



Timeline: A brief history of silver
Timeline: A brief history of silver

1858: Silver ore was discovered in Nevada, causing palpable excitement in the United States akin to the California Gold Rush ten years earlier. Oct 15, 1794: The first official US silver dollar was minted, in accordance to the Coinage Act of 1792.



Bullish on US Dollar, Bearish on Silver, Gold? Heed This Warning
Bullish on US Dollar, Bearish on Silver, Gold? Heed This Warning

Getting on board the US dollar rally and stomping on precious metals bulls is all the rage right now. But the excitement will be short-lived, near term. Here's why. Interesting to watch all of the silver and gold



CORRECT: PRECIOUS METALS: Slow US Inflation Dents Gold, Silver Eyes Dollar
CORRECT: PRECIOUS METALS: Slow US Inflation Dents Gold, Silver Eyes Dollar

("PRECIOUS METALS: Slow US Inflation Dents Gold, Silver Eyes Dollar," published at 10:01 am EDT, misstated the month of the inflation report in the fourth paragraph. The correct version follows:) By Tatyana Shumsky Of DOW JONES NEWSWIRES NEW YORK (Dow



Oil prices surge above $100 a barrel

US gold futures for June delivery settled up $15.80 an ounce at $1495.80, after trading in a range from $1484.60 to $1499.70. Gold and silver prices largely held onto their early gains even as minutes of the Federal Reserve's April meeting showed most




Silver Dollar Value: Know the Values and Top 3 Dollar Coins on the ...

Silver Dollar Value: Know the Values and Top 3 Dollar Coins on the List

Silver coins are old US silver coins that contain silver. Until the year 1965, US coins incorporate 90% silver along with 10% copper. This kind of truth alone improves silver dollar value while enhancing the need from passionate coin collectors.

Silver wasn’t so very long ago included in producing dollar silver coins. However owing to increasing demand of silver source along with the enhanced valuation of silver, it had become phased out of just about every dollar silver coin manufacturing during 1960s. Based upon its layout, situation and deficiency, silver dollars are remarkably valued by collectors.

You will find a fistful of silver dollar importance that continuously increases up eventually. A few of these have continuously advanced in past times and will keep doing so. If you are an enthusiastic collector, such as these silver bucks to the collection will increase your collections list: 1928 Peace Dollar, 1893- S Morgan dollar, 1891 and 1878- CC Morgan dollar.

The large choice of highly widely used silver buck coins right now would be the Flowing hair having a liberty with flowing hair. It is rather extraordinary as a result of very little level of production. In the auction performed through the year 2005, it was produced at nearly $1.2 million. It is a lot of money, isn’t it?

Another thing is the Draped Bust that features an eagle on the backside with Liberty in the front. The value of this silver buck varies from about $600 to $50, 000 dependent on its situations. Alternatively, the Seated Liberty minted from 1840 to 1873 features Liberty sitting while holding an U.S. flag with a heraldic eagle on the opposite. In bad conditions, this coin ranges from $200 while amounting from $ 2,000 to $3,000 in common years for those uncirculated ones.

George T. Morgan fashioned the Morgan as referred to by coin collectors as the Morgan dollar rather than its designer. It has an eagle with spread wings to the opposite and also a handsome Liberty on front. It absolutely was minted from 1878-1921 and prices from $20 to $80. Last from the report will be the Peace dollar. It absolutely was minted from 1921 to 1935 commemorating the finish of World War 1. The dollar shows Liberty having a headdress and the word peace listed below the perched eagle in the invert area. However, the 1922 Peace dollar has the highest mintage amongst these types of coins.


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Us Silver Dollar - Bookshelf

The comprehensive U.S. silver dollar encyclopedia

The comprehensive U.S. silver dollar encyclopedia


Silver Dollar

Silver Dollar

That coin certificates should be issued for every dollar of gold and silver, in the United States Treasury over and above the i oo millions legal reserve ...

Weekly World News

Weekly World News

Historic 1998 Silver Dollar -The Only Full Color 1998 US Silver Dollar! Never Before Available! • Pure .999 Silver- One Full Ounce of Gleaming .999 Pure ...

North American Coins & Prices: A Guide to U.S., Canadian and Mexican Coins

North American Coins & Prices: A Guide to U.S., Canadian and Mexican Coins

37.00 1993 2 coin set: proof half dollar and silver dollar; KM240, 241. ... 824 US Veterans Date Price 1994 3 coin set: uncirculated POW, Vietnam, ...

The encyclopedia of money

The encyclopedia of money

The US silver dollar, containing 412.5 grains of silver (before discontinuance on 1873), was not competitive with the Mexican dollar. ...

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U.S. Silver Dollars Rare Coins from the United States Mint
U.S. Silver Dollars Rare Coins from the United States Mint ... Silver Dollar coins have been minted in the United States in gold, silver, and base metal versions. ...

US Coins Silver Dollars
Information and pics of US Silver Dollars ... As a rule, the composition of the US silver dollar is 90% silver and 10% copper (to add strength and durability) ...

Dollar coin (United States) - Wikipedia, the free encyclopedia
Silver dollars, the first dollar coin issue, were minted beginning in 1794. ... So US dollars went to the Caribbean, were traded for heavier 8 Reales, and those were ...

2011 Silver Dollars - Silver Bullion Coins
Silver bullion, silver dollars and silver coins research. All about American Eagles, silver dollars, silver bars, world silver bullion coins, Morgan ...

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