Written by Bryan Lutz, Editor, Dollarcollapse.com:
“Something isn’t adding up,” says the astute mainstream investor.
Over the past two days, when credibility is generally “reinforced” and monetary “expectations” are managed by the press conference closing the latest FOMC meeting, gold shot up over $500 finally coming back down to around $5480. So, we have to wonder, if the US Dollar as a currency is losing credibility when the markets are showing money flowing into gold.
Responding to a reporters question about price of precious metals, Powell responded, “Don’t take much message macro economically. The argument can be made that we’re losing credibility. If you look at where inflation expectations are, that’s simply not the case. Our credibility is right where it needs to be. We don’t get spun up over particular asset price changes. Although, we do monitor them, of course.”
🇺🇸 LATEST: Jerome Powell says not to read much into the rise in gold prices. pic.twitter.com/emaEmRbdiL
— Cointelegraph (@Cointelegraph) January 28, 2026
So, is the dollar holding up? As the charts show right now, the dollar has fallen below its 14-year support line. And that means, it’s more likely to continue to fall.
Our leaders reactions,”The dollar’s doing great.”
Most people don't realize what Trump just said:
For 12+ months, the US Dollar has been in a sharp decline, falling -10% in 2025 in its worst year since 2017.
Minutes ago, for the first time, President Trump commented on the decline in the USD:
"The value of the Dollar is… pic.twitter.com/qTORxvmg3H
— The Kobeissi Letter (@KobeissiLetter) January 27, 2026
History suggests that when central bankers insist “everything is fine” while safe-haven assets scream otherwise, those in charge are living in denial.
