Imagine if most of the world shifted to gold for trade. It's a trend that could devastate fiat currencies.
You laugh now. Have u asked yourself how u will pay ur taxes if the us dollar becomes worth the tp u wipe ur arsch with?
Honestly I don't think it will happen overnight. But if we go into downturn which is inevitable and feds think printing another $4 tril will fix it again, they will be in for huge surprise. They know that now and the reason QE is done by august regardless of econ data. Rates will be the next thing that moves. It's the right thing to do.
................................you are welcome..................... at least I didn't buy the high tick:eek: flattened a bit this morning by going short the June so will try and manage to make some ticks next week on the respective exits...GL to all and have a nice weekend