Loading ...USD Intermediate Cycles
The chart and comments say it all. Sure looks like the transition to a Bear is underway. Surprises to the downside are now with the USD with surprises to the upside taking place across the PM Complex.
Still takes some getting used to after the long Bear.
Note how after the last IC Low in Feb, the USD came back up and tested the Red IC downtrend line. Normally, I like to see the line broken rather that just tested to confirm that a new IC has started so I think that was the last IC but the Jury is out a bit for now.
I have been looking at the USDX compared to gold in 201-2013. They look quite similar to me. It was originally based on someone’s chart on the this goldtadise forum, probably one of yours or one of Gary’s; I cannot remember:
https://goldtadise.com/?p=368342
Actually, the original chart was here by Surf City. The one on the right hand side. For a moment I though it was actually the gold chart from 2011-2013! :-
https://goldtadise.com/?p=367650
Hi DaveintheUK,
Yes I believe the USD’s 3 year cycle has topped here and we head lower. I also think the 15 year cycle has topped as well and if I am correct, the rest of the CRB should continue to rise as well. 🙂