The biggest thing in favour of gold and against the dollar right now is time. The dollar cycle is now locked into a downtrend, whilst the gold cycle is up into 2020.
Northstar…I like your work and thesis re cycles. Now…what of the Dollar Cycle…it is well overdue for a yearly cycle low.
We are at strong support here….IF you value cycles …This has to be a fly in the ointment which could at best delay the Gold Move for at least 3 months while the USD bounces for its YCL….at least 3 months and possibly 6 or more.
If Sam’s count is correct, we’re not even half way through the dollar’s decline.
Runs well into 2018, if he has it correct.
But when it turns, so finally does SPX. (Not sooner, aside from a bit more near term weakness)
The biggest thing in favour of gold and against the dollar right now is time. The dollar cycle is now locked into a downtrend, whilst the gold cycle is up into 2020.
Lookin’ good, Billy Ray!
Northstar…I like your work and thesis re cycles. Now…what of the Dollar Cycle…it is well overdue for a yearly cycle low.
We are at strong support here….IF you value cycles …This has to be a fly in the ointment which could at best delay the Gold Move for at least 3 months while the USD bounces for its YCL….at least 3 months and possibly 6 or more.
If Sam’s count is correct, we’re not even half way through the dollar’s decline.
Runs well into 2018, if he has it correct.
But when it turns, so finally does SPX. (Not sooner, aside from a bit more near term weakness)