In his latest update, Greg Mannarino discusses the fundamentals and outlook for the dollar, the euro, the pound, and the Canadian and Australian dollars.
Mannarino examines the dollar’s current head and shoulders chart formation, precisely as the dollar touches long term resistance. He states that resistance will fail, the dollar will roll-over, and soon re-test it’s lows as the long term down-trend resumes.
The former Bear Stearns trader states that BY FAR the most ugly currency is the US dollar, the bad is the Euro, and the good are the Australian and Canadian dollars which are in long-term uptrends.
Mannarino states you MUST GET OUT OF THE DOLLAR, and GET OUT OF IT NOW! The dollar is losing it’s reserve currency status, and there are ZERO FUNDAMENTAL REASONS for the dollar to recover!
The Fed will continue to attack the dollar because the END GAME IS HERE! IT’S OVER!
Mannarino closes by saying the window of opportunity to protect yourself with gold and silver is closing rapidly, and that Americans must not allow themselves to be absolutely destroyed by holding a dying currency.