Opening Statement from the June 2017 CCPM Forecaster 

Opening Statement from the June 2017 CCPM Forecaster 

Originally published on June 4, 2017 

Revisiting US Dollar Weakness

We have been forecasting weakness in the US dollar since early 2017. Thus far this forecast has been spot on. We believe the latest issues surrounding Donald Trump and certain members of his administration have added additional downward pressure to the dollar. For now, many commodities, currencies and even gold and silver pricing are trading largely as the result of the recent weakness in the US dollar.

Although the dollar’s weakness has certainly led to short-term price volatility in many assets, a much more serious issue to consider is that due to the cumulative impact of mounting problems from within the Trump administration, as viewed by investors.

Needless to say none of the detrimental information that has surfaced regarding Trump, his policy failures or his dealings with the Russians has surprised us in the least. As the record shows, we fully expected America’s first professional con man president to be a complete disaster. Unfortunately, we believe the worst is yet to come.

While we have been bearish on the USD index, we have previously emphasized that...