U.S. Petro Dollar Breakdown Continues: Big Moves in Gold & Silver

First published by Money Metals here:
https://www.moneymetals.com/news/2017/09/11/us-petro-dollar-breakdown-001153

The U.S. Dollar Index fell considerably yesterday and is now down below a key support level. In early morning trading yesterday, the U.S. Dollar Index fell to 91.46, down 73 basis points. The dollar is on course to lose its reserve currency status. This is not something that will happen overnight, it will be a process, but at some point there is likely to be a “sea change” in perception, as the world grasps that this is what is happening, which will trigger a cascade of selling leading to its collapse, whereupon gold and silver will rocket higher.

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