The rising dollar and the falling POG - this will reverseHere's why
The dollar is in demand in countries where inflation is below the 15 percent the dollar is up YoY.
In real terms , inflation is on pace with the PPI, the real and accurate indicator to gauge inflation at 18.2 percent … twice that of the rigged US CPI currently.
Domestically speaking (US) , inflation has in real terms outpaced the 15% rise in the dollar and is actually in demand in those countries where real inflation levels are still below the 15 percent year over year dollar rise.
In effect , the dollar is being driven higher by these foreign buyers all while this lasts.
This won't continue in the upward trend for too much longer
Even the crypto's, nuts for buying and holding in the first place, are selling crypto and buying and holding dollars trying to jump on the current bandwagon as the buck rises.
This in itself will turn negative to buy and hold (and will soon enough fail).
The common denominator here is inflation.
Inflation is not going away period.
This is a lie perpetuated by those in the know who don't want you to know and many who aren't.
The Fed has those/the many who aren't in the know wrapped around their baby finger believing their every word on the inflation matter.
The few economists in the know on the other hand attempting to enlighten the masses to the truth about inflation , know full well the Fed is playing smoke and mirrors with inflation and are going to lose the fight which has been a bogus one from the onset of it.
They're putting a band-aid on cancer and can't possibly beat inflation with this minimalistic measures current policy of theirs .
To beat inflation now would take interest rate increases of 12% and higher which would simply bury the economy and all the masses but the rich with it.
This is not going to happen.
When the clueless masses filing into the dollar from out of crypto or wherever finally come to realize the Fed has failed, and they will soon enough, the current suckers rally on the dollar will be over and the move up on gold will finally begin.