Rafi Farber The Forex Markets Are Beginning to Break Down
The next 4 months or so are going to be tumultuous. It is now patently clear to all sides that the President of the United States has dementia, and politics in Europe are upending the continent.
The chaos is reflected in the currency markets, and it is only a matter of time before gold and silver react forcefully to the changes yet to come this year.
The Japanese yen – the gob of spit keeping the Keynesian pyramid together – keeps plunging lower, and the Bank of Japan has yet to respond.
The more they respond though, the more the markets push back, as there is little that is more profitable than pouncing a cornered central bank. Just ask George Soros.
As order crumbles, silver will be a shining light in the midst of the chaos.
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