Also the Brexit Situation is going to be really interesting in the next couple days. I guess the GBP should be a short overall. Especially the EUR/GBP pair looks really bullish.
..What? Brexit Referendum is June 23, not ~June 6-9 lol.
But of course newspapers' polls constantly make headlines during the weeks prior, and this causes spikes in both directions as banks/traders panic & double-guess ; Agreed that GBP pairs should be a Sell on the pound until $1.40 and with some cautious long's under that level.
--------------------
The biggest problem w/ the typical goldbugs' & bitcoin maximalists' theories, for one thing, is the idea that the US is dying.
That's the eternal wet dream of ZeroHedge.com goldbug taxi driver AM radio mentalities ;^ However, the most powerful major economic & military-political powers in the modern world aren't susceptible to rampant hyperinflation bubbles like Zimbabwe or 1920's Weimar Germany were.
Truth is, in order for USD to crash, something else really powerful & important (in GDP) elsewhere in the world, must be doing SO WELL in contrast.
The problem is, simply, there is no such major economic bloc right now that can provide this contrast.
China's problems are deep, structural, and it's not just that its been trying to switch painfully from a spammy wasteful industrial overproduction export-driven economy, to a domestic services-based one ; It's the incredible amount of debt, bad credit, pollution & waste it accumulated in the process.
The EU, our favorite subject - is not doing any better, as you ought to know. From Brexit, Frexit, Grexit & Spexit, to the Mideast Migrant crisis, to Russia's aggression and the european debt, economic & inflation/deflation problems ; The EU Commissioners' & Mario Draghi et al.'s jobs aren't made easy, for sure.
And of course, Russia, Japan, Brazil, Africa, Mexico, are so far up shit creek, it doesn't even need mentioning. Even AU & CA aren't in roses.
So, which major world economy is going to be doing so well for its equities & currency to be 'owning' the US dollar, then..?
There is none.
It's not that the US is doing good.
It's that everyone else isn't doing much better at all.