Hey Senor BS or others, do you guys see this yearly US dollar index chart as a huge cup and handle with projections of 2020 or 2021 towards 120 ?
If you do, then doesnt that mean one last final huge shakedown for gold price ?
Posted 10 April 2019 - 08:55 PM
Hey Senor BS or others, do you guys see this yearly US dollar index chart as a huge cup and handle with projections of 2020 or 2021 towards 120 ?
If you do, then doesnt that mean one last final huge shakedown for gold price ?
Posted 10 April 2019 - 09:10 PM
The dollar index compares the US dollar with other currencies. Other currencies weakening, which has been happening for a while now, doesn't necessarily correlate with the US dollar gold price.
Posted 13 April 2019 - 10:17 PM
one forecast is for dollar to go up and up (relative to crap) until it is no longer usable by the world.
I would rather see US just become closed self sufficient isolationist even if fundamental and austere, and screw "the world",
never interrupt the enemy while it is destroying itself.
I saw Armstrong just say gold will go up but likely next year. I'll review cycles tomorrow it should at
least be positive enough to hold ground and may do well if i am right stocks decline between May and Sep.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Posted 14 April 2019 - 09:48 AM
Posted 14 April 2019 - 08:13 PM
I'm afraid the gold cycles are weak for 4-5 weeks, probably the crypto's turn.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Posted 30 April 2019 - 08:31 PM
what's interesting to me is last weeks spike above triple top resistance going back to last Nov at the 97.70 area, with prices now back below 97.70 (97.49 last) I have to wonder if that spike up to the 98.33 high was a FALSE breakout? certainly too soon to tell but moving back below the breakout level is not a healthy sign for the dollar IMO
Senor
Posted 01 May 2019 - 09:57 AM
dollar reversal lower continues as it declines to 97.30, so far little or no positive effect on gold/silver/miners, however "IF" this does indicate an important dollar top it ultimately IMO would be a positive for the metals sector
Senor