Opening Statement from the June 2017 CCPM Forecaster
Originally published on June 4, 2017
Revisiting US Dollar Weakness
We have been forecasting weakness in the US dollar since early 2017. Thus far this forecast has been spot on. We believe the latest issues surrounding Donald Trump and certain members of his administration have added additional downward pressure to the dollar. For now, many commodities, currencies and even gold and silver pricing are trading largely as the result of the recent weakness in the US dollar.
Although the dollar’s weakness has certainly led to short-term price volatility in many assets, a much more serious issue to consider is that due to the cumulative impact of mounting problems from within the Trump administration, as viewed by investors.
Needless to say none of the detrimental information that has surfaced regarding Trump, his policy failures or his dealings with the Russians has surprised us in the least. As the record shows, we fully expected America’s first professional con man president to be a complete disaster. Unfortunately, we believe the worst is yet to come.
While we have been bearish on the USD index, we have previously emphasized that...
This article continues.
To continue viewing this entry please sign in to your Client or Member account.
Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.
These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.
Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.
This publication (written, audio and video) represents the commentary and/or criticisms from Mike Stathis or other individuals affiliated with Mike Stathis or AVA Investment Analytics (referred to hereafter as the “author”). Therefore, the commentary and/or criticisms only serve as an opinion and therefore should not be taken to be factual representations, regardless of what might be stated in these commentaries/criticisms. There is always a possibility that the author has made one or more unintentional errors, misspoke, misinterpreted information, and/or excluded information which might have altered the commentary and/or criticisms. Hence, you are advised to conduct your own independent investigations so that you can form your own conclusions. We encourage the public to contact us if we have made any errors in statements or assumptions. We also encourage the public to contact us if we have left out relevant information which might alter our conclusions. We cannot promise a response, but we will consider all valid information.