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Sure looks like Spock and Graddhy and Norvast and others were right …it has broken Down !
I am waving the white flag on my Dollar rally expectation
We have been waiting for resolution for a long time and here it is .
So why is there not a rip roaring PM Miner Rally ?
I wanna be a Gold Bull ….but
dxy is irreleavnt for gold… its all about the yen cross..
I agree yen cross appears to be used as a management tool for controlling the prices of gold.
Maybe an FBO. A hard fast reversal to the upside would catch people by surprise and shoot PM’s down. That would be my scenario to make the Fractal of Doom play out. Time will tell.
Yeah, I called a turn a few weeks ago when bucky appeared to hold the 200dma.
Nice fake out move.
Don’t have a clear view right here … although I’m in OS territory still on the monthly.
Which doesn’t have to mean much if the higher degree trend is down. I thought it was up.
Good thing I don’t play the FX sector.