The C$ fell sharply against the US dollar confirming our computer forecast for a rising US dollar completing the trend to initiate a deflationary cycle in the USA post 2015.75. Basis the cash, the US dollar closed ABOVE the 1008 high showing we are moving beyond the crisis level felt during the 2007-2009 Panic.
The Greenback closed against the C$ settling on the cash at 13088 above the 2008 high. We show resistance at the 13346 level with key resistance at 13535-13590 zone. This is the real critical area for exceed that warns of a possible further rally up to the 13900-14200 level with a gap there after to 14900 followed by 15900.
The higher the Greenback, the greater the debt crisis outside the USA which will drive the flight to quality into the USA. When that peaks most likely as early as 2017, look out for what follows.
We are preparing the new Precious Metals Report for 2015, covering the low and the potential for a future rally. The price will be $500 and each report will include a watermark with your name to ensure that this report remains exclusive, rather than on the front page of every newspaper or blog.
This report is not yet available, but we make an announcement once the report is available for purchase.
Hello Mr. Armstrong,
Humans often decide based on faith rather than thought if they have to choose one. Your ECM cycle is amazing, because it visualizes the change in confidence which influences so many decisions in the world!
Is it possible to reach human minds trough logic at all?
How can we communicate important concepts like your studies to others in the best way?
REPLY: The vast majority wants to believe in some definitive higher power, like the conspiracy issue. People just cannot grasp that perhaps no one is really in charge orchestrating everything, and we are at the mercy of the whims of finance. I took my son-in-law to Washington for some high-level meetings. I told him he better think twice before stepping behind the curtain for he really did not want to see what I see. When we left Capitol Hill, he was stunned to realize that this is a runaway train. Nobody is in charge; they simply try to deal with each crisis as it appears. There is no long-term strategy and certainly no planning. Everyone creates wonderful conspiracy theories, trying to create plots of destroying the world without rational comprehension that the people they are fantasizing about are just not that smart.
The G5 and Plaza Accord was all about talking the dollar down to reduce the trade deficit. The Fed is all about a confidence game. Anyone who knows anything about what really goes on will tell you – it is a confidence game. People act in anticipation, right or wrong. This is the origin of BUY the rumor but SELL the news.
The German Attorney General has notified two German bloggers that they could be charged with TREASON for exposing the German involvement in collecting data along with the USA’s notorious NSA. Meanwhile, Oliver Stone has produced a movie on Edward Snowden, due to release by the end of the year.
What is most interesting is the new definition of TREASON, which can account for anyone who exposes that the government is acting illegally. These people completely destroyed our future. There now appears to be no other choice on the horizon besides a full-blown crash and burn. What they have created to sustain their power has no possible endgame.
As we approach the month-end closing for July 2015, we have a minor monthly bearish reversal at 1155 followed by the key reversal at 1084. The Bullish stands at 1287, so without a closing above that level, nothing has changed.
Crude oil had a monthly bearish reversal at 5650 and 4667. We fell intraday to 4668, holding the critical Bearish Reversal for now. However, lower prices are still on the horizon.
The Dow Jones Industrials will provide a bearish signal on a month-end closing below 17714. Otherwise, the Dow remains neutral for now.
The euro had a Monthly Bearish Reversal at 106.70. So far, the lowest monthly closing has been 107.42.
The markets are pausing for the ECM, setting the stage for what comes afterwards. We will need to pay very close attention here.