Goldtent TA Paradise

If it looks like a Duck !

1. kemmrich says:

   November 6, 2015 - 9:02 am at 9:02 am

   It is definitely quacking! Looks like I am only about 25% short, but the concept of of DUST/JDST at resistance and the jobs number totally unknown, it seemed like a good idea to limit my exposure. I’ve rarely had success chasing breakouts like this, so I am going to have to wait a bit to increase my shorts. 25% is better than nothing, I guess.

2. DaveintheUK says:

   November 7, 2015 - 1:24 pm at 1:24 pm

   Great stuff at that Rambus link. I was talking with ta relative in early 2014 when the USDX was struggling at about 80. He was telling me the dollar was going to collapse.

   I though well the dollar is looking weak there. It “should be in a bull market” but didn’t seem to be performing. I thought that the 8 year bull and bear cycles of the past and their morphology meant that the dollar should have broken out already and it was taking too long. So I was getting bearish but I couldn’t keep it out of my mind that a USDX upmove was overdue on a historic basis.

   Not long after came the big breakout from 80 to 100.

   I was looking myself at the shale oil production and the fall in oil imports as well as the gold / silver / commodities bear market. I couldn’t figure why oil was still $100 at the time. In the early 1980s, US oil production had an increase and oil imports fell about 50$. As that happened the dollar had its amazing rally up to 160 on the index.

   What do you guys think of the falling wedge on the US dollar index starting at that peak in year 1985, target 160?

   • DaveintheUK says:

     November 7, 2015 - 1:26 pm at 1:26 pm

     I meant oil imports fell about 50% in the first half of the 1980s according to chart I read. As that happened, USDX went to 160. Then both reversed together from 1985 into the dollar crash to 1987.

   • Fullgoldcrown says:

     November 7, 2015 - 3:31 pm at 3:31 pm

     One step at a time But think 120 is very do able

   • Graddhyllesvin says:

     November 8, 2015 - 2:41 am at 2:41 am

     I think it absolutely could be in the cards if one realizes that the EUR is driving the USD, i.e. the USD do not depend on its own resources in order to get there.
     http://goldtadise.com/?p=355012