23 replies to this topic

[SilentOne]

My last thoughts on the USD index. I'm done with analyzing this to death.

 

http://forum.hurstcy...m-cycles/205/60

[senorBS]

My last thoughts on the USD index. I'm done with analyzing this to death.

 

http://forum.hurstcy...m-cycles/205/60

I looked a lot at the dollar chart this weekend, I also favor a large top will occur soon, I have been focusing on the 101-102 area for a while and we are there. we see

 

Senor

[SemiBizz]

Very healthy pullback today, corrective...

 

Volume is in all the right places... bullish.

[Russ]

Hey Russ,

 

Armie? I'm not much of  fan. Did he call the gold leg up this year? Hmm I doubt he did. Please let me know what other good calls he has made of late. I am all ears. He's very good about posting something after it happens ...

 

cheers,

john 

Armstrong did say that gold had not taken out a key bearish reversal and thereby it looked like it would not head south as he originally thought it would into spring, but I don't subscribe to his special reports so I don't know exactly what he thinks now, other than being bullish on the dollar and the stock market. Russ

[tradesurfer]

Gold has been sending signal that it is still following the pattern we set forth months again. It failed to close above the Monthly Bullish Reversal at 1362 on a monthly basis and then crashed to close below the Quarterly Bullish Reversal in the 1340 zone for the end of September. It elected a Weekly Bearish back at 1275 and now we approach two critical Weekly Bearish Reversals at 1201.50 and 1215.50. Electing both should confirm that gold is headed to new lows in 2017 and that should break the $1,000 barrier as the dollar still rallies.

 

 

 

 

 

Hey Russ,

 

Armie? I'm not much of  fan. Did he call the gold leg up this year? Hmm I doubt he did. Please let me know what other good calls he has made of late. I am all ears. He's very good about posting something after it happens ...

 

cheers,

john 

Armstrong did say that gold had not taken out a key bearish reversal and thereby it looked like it would not head south as he originally thought it would into spring, but I don't subscribe to his special reports so I don't know exactly what he thinks now, other than being bullish on the dollar and the stock market. Russ

 

[crossd]

FWIW..this week Barrons interview said stocks will perform below average for the next 5-7 years..

 

Zulauf has called for a bear market to begin mid-2017 and last well into 2018..higher rates will cause this as well as

higher inflation..the dollar will peak before stocks do(IMO)..

 

the trick with gold is when does it recognize that inflation is gonna surge..if Trump does financially what he has said..

 

donc

[dougie]

Seems ol Marty might just be proven right here
Gold targeting low 1000'area now imo

[Russ]

Dollar index has hit Semi's target that he posted on the mainboard, not sure if it is his chart or not ....

[Russ]

Seems ol Marty might just be proven right here
Gold targeting low 1000'area now imo

 

Now that both Eric Hadik and my forecast are hitting this week for the final low the Marty is turning more bearish eh.  As Tradesurfer above posted, Armstrong's stuff says we need to see a weekly close below 1201.50 level, roughly 1200. This should be the low this week, we'll see.

[dougie]

a weekly close here opens door to much lower

plus look at JDST: seems lift off nearby