Key Macro Chart: Signal of the US Dollar Truly Entering a Long-Term Bear Market (2024/10/10)

Goldman Sachs pointed out that due to the threat of attacks on oil infrastructure in Israel, Iran's crude oil exports have dropped to zero. The price of silver is approaching its highest level in 13 years, but the production of major silver-producing countries has remained almost unchanged, reflecting limited new supply. The Chinese market has seen increased volatility, with the Shanghai and Shenzhen 300 Index changing direction multiple times during the morning trading session, reaching the highest level of volatility in 9 years. Analysts believe that the US dollar is about to enter a long-term bear market, with the current mid-term cycle potentially causing the US dollar index to fall below a key support level, signaling the beginning of the US dollar's collapse