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US Dollar Index Long Term Bull Flag Breaking Out?


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#1 Russ

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Posted 14 May 2016 - 08:54 AM

In continuation of the discussion string below, this chart going back to the 1960's argues what Marty Armstrong is saying, that the dollar is going to soar which will cause Gold to collapse in the near to mid term. The consolidation of the past year may just be a back test of the top of the wedge...
 
US%2BDollar%2BIndex%2BGiant%2BBull%2BFla


Edited by Russ, 14 May 2016 - 09:02 AM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#2 AChartist

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Posted 14 May 2016 - 03:19 PM

Cant say I know how that will work out. Could go under as well false breakout with so many extreme monetary circumtances of EU and JPY QE.

 

My gold cycles are mixed still could be 2-4 weeks down, late

 

June was a lowpoint for my cycles a long time ago, these can come back to haunt in some form but I also have this 98 week up cycle right now

 

it can go either way. If I see some sort of break down in the gold I will have to pile into Dust to hedge through June but I doubt it makes anything appear obvious

 

that I will ever make such a trade.

 

So alternatively I cleared a good bit of 401k for a gold fund purchase if down in about 4 weeks.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#3 Russ

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Posted 14 May 2016 - 04:44 PM

There is a strong correlation between Gold and the Canadian Dollar which looks to be on its way back down to last years lows...

 

 

 

 

 

 

"Cant say I know how that will work out. Could go under as well false breakout with so many extreme monetary circumtances of EU and JPY QE.

 

My gold cycles are mixed still could be 2-4 weeks down, late

 

June was a lowpoint for my cycles a long time ago, these can come back to haunt in some form but I also have this 98 week up cycle right now

 

it can go either way. If I see some sort of break down in the gold I will have to pile into Dust to hedge through June but I doubt it makes anything appear obvious

 

that I will ever make such a trade.

 

So alternatively I cleared a good bit of 401k for a gold fund purchase if down in about 4 weeks.


Edited by Russ, 14 May 2016 - 04:45 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#4 dougie

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Posted 14 May 2016 - 04:56 PM

or carving out a H&S bottom



#5 Russ

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Posted 14 May 2016 - 11:42 PM

My projections for the Canadian dollar indicate it will go down into next Dec/Jan so that is most likely going to take out the 70 cent range from last winter, the old 61 cent level from the late 1990's will be the first support but it could go down to the 50 cent level according to Armstrong's A.I. computer Socrates by 2017 and if that happens then that could be THE low otherwise it will keep going down into 2020, it thinks new international currencies will be coming in the next few years too as the debt crisis unfolds. https://www.armstron...term-c-outlook/

 

 

 

or carving out a H&S bottom


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#6 AChartist

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Posted 15 May 2016 - 07:46 AM

A crash window in my stock cycles is in June, it is possible dollar is up if stocks are crashing but unlikely

 

gold is down when stocks are crashing unless it is gold mining stocks that are down not $gold.

 

Right now my plan is sell stocks by 10-11 days and get a substantial hedge like uvxy calls

 

by end of month. In 401k I have been building up Grizzley short fund and will do more by end of month,

 

I think this is crashing right out of the gate for June 1.

 

the most like high in RUT daily cycle should be May 30. This will be the most aggressive short I have done.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#7 tradesurfer

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Posted 16 May 2016 - 01:15 PM

maybe this chart sums it up:

 

26450597084_8ac5e80a4a_o.pnggold by [url=https://www.flickr.com/photos/94641666@N07/]

 

 

 

if the US Dollar skyrockets then it may slam gold down similar to the way it did in the first red arrow up on the top left in the above chart....

 

we all know the us election is this november.... ??   are elections gold friendly ?  I am thinking they are not, the powers that be will want the stock market up and gold DOWN big time right into this election... perhaps the low comes in after the election....


Edited by tradesurfer, 16 May 2016 - 01:17 PM.


#8 Russ

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Posted 17 May 2016 - 06:16 AM

https://www.armstron...th-of-the-euro/


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#9 johngeorge

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Posted 18 May 2016 - 07:48 AM

Russ

 

I do believe it is plausible that the $US could continue strengthening.  I have had a short term buy for it on my Daily $US Chart.

The $US is up so far this am. 

 

Thanks for sharing your charts.  smile.png

 

Best to you.


Peace
johngeorge

#10 Russ

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Posted 18 May 2016 - 02:30 PM

It looks very obvious to me that Armstrong will be right, as the interest rates are forced up and Europe starts to collapse then capital will flee into the dollar and gold will collapse to test the 1980 high before the real bull market starts in gold. ur welcome. smile.png

Russ

 

I do believe it is plausible that the $US could continue strengthening.  I have had a short term buy for it on my Daily $US Chart.

The $US is up so far this am. 

 

Thanks for sharing your charts.  smile.png

 

Best to you.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/