The USD against the EURO is slowly increasing as well. From 1.178 to 1.165. It may not look like much, but ...
In the past, when Silver rose, the USD took the brunt. Now the tables seems to be turned. The Euro is decreasing in value against the USD.
Looking at the USD price of Silver is obvious of course, but the EURODOLLAR market is way more interesting. Hence the comment above.
once the pivot is complete, EURODOLLAR will no longer matter, and be one of those pesky things of the past, as it is a bankers paradise piggy banking on America.
Some other observations:
In the past, when Silver rose, the USD took the brunt. Now the tables seems to be turned. The Euro is decreasing in value against the USD.
Looking at the USD price of Silver is obvious of course, but the EURODOLLAR market is way more interesting. Hence the comment above.
once the pivot is complete, EURODOLLAR will no longer matter, and be one of those pesky things of the past, as it is a bankers paradise piggy banking on America.
there's whispers that US banks are long silver and Europe's are shorted to oblivion.
TD bank shorted silver to $40 with a $92 stop loss. I shorted TD two days ago and they just stopped out. :)
3:44 in. Thanks Johnny! https://www.youtube.com/watch?v=dvh5jLw9I1Q
I think the USD to EURO is also based on USD just sucks less.
The coffers are running empty.