XDR seems to go bullish and target 1.556Weekly chart, the Special Drawing Right (XDR) is about to complete chart patterns V and Triangle
The targets will be 1.443 then 1.556, after crossing resistance 2 line.
Technical indicators MACD and RSI are positive. RSI is in over-bought area, which signals a near resistance.
Xdr
Gold in SDR'sfundamental issue. Bonds that don't pay any interest don't make any sense conceptually. Why would anyone work hard then undertake the risk of loaning out their savings for free? They wouldnt. So our current financial model no longer makes conceptual sense. Thats a rather big issue I think.
root cause =QE pushes down interest rates. QE is now necessary to sustain the system. Ipso facto interest rates are going negative as there are not enough bonds available to deliver and there never will be because the QE has to lead the bonds like a cat chasing its tail. So we are going to have "money", so much money that no one wants it and interest rates go further and further negative until the whole thing caves in on itself as global hyperinflation as gold marches to 7k in US dollars and 4k in IMF SDR's, which will be required to bail out the FED, ECB, BOJ, BOC, and every other client states central bank etc. Tarzans Opinion Caveat Emptor.
