Loading ...And another view of the $USD
This time from the monthly perspective. Watching the pivot at 92.50. Very similar set up to 2001-2002 period which was epic for the PM sector. Tough to say if greenback will have one more eek upward before the real plunge starts but it seems like it’s just a matter of time. Ominous divergences in place. You can see what the set up did for stocks like HL in 2002, suggesting the current move in PMs could easily double from here if not more before a substantial and protracted corrective consolidation period occurs.
