Silver as an investment

Dollar Tumbles As Trump Blasts China, EU “Currency Manipulation”, Fed Rate Hikes, Strong Dollar

After bouncing yesterday following White House reassurances of Fed independence and PBOC’s big weakening of the Yuan fix, the dollar is tumbling again this morning… accelerating after Trump tweeted that “China, EU are manipulating their currencies,” adding that Fed “tightening now hurts all that we have done.”

And the dollar was not happy…

As the dollar sinks, gold is jumping…

And stocks are unable to hold a bid ahead of the open…

Perhaps more worrying for the market is a renewed correlation between stocks and the yuan…

Here’s why…

It seems $500bn matters after all.