Peter Schiff Warns of US Economic Collapse Due to Dollar Crash and Inflationary Depression
- Economic Collapse Warning: Peter Schiff predicts a US economic collapse driven by a dollar crash, citing a $1.74 trillion budget deficit and over $37 trillion in national debt, which underscores serious concerns regarding US fiscal policy.
- Surge in Gold and Silver: Amid dollar weakness, gold and silver prices have surged as safe-haven assets, reflecting market anxiety about economic prospects and potentially prompting investors to reassess their asset allocation strategies.
- De-dollarization Trends: Schiff highlights post-2022 de-dollarization trends, particularly due to US asset freezes on Russia, which could undermine the dollar's reserve currency status and exacerbate global economic uncertainty.
- Increased Policy Pressure: As economic forecasts worsen, policymakers face heightened fiscal pressures, potentially necessitating measures to address looming inflation and sluggish economic growth.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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