Loading ...A few Currency Charts
$USD has achieved the first target at the neckline of the SHS pattern above. Will it react for a day or two now and allow the PMs a chance to advance?
The gold price at the targets are arrived at using the Red Label formula. Gold has been on the stronger side of it lately.
Here is the $XEU monthly. It looks horribly bearish at this point for the Euro, and therefore bullish for the dollar. That stinks, if I may day so. Am beginning to think that GOLD rising in all currencies may be the best hope for a PM bull market. Wish someone could shine a positive light on this one – I cannot.
From Hedgeye
Charts are overwhelming
However trump is president. He won’t have a strong dollar
Mserr
IMO the $US is out of the FED & POTUS hands.
If Israel decides to poke the Bear with Iran money will flow into the US and the $US will rise as did Oct 6 2005 (Bush Iraq War Speech) well the charts speak for themselves. IMO the $US is currently up because the US just dropped 100 or so on Syria a week or so ago. IMO money should be flowing into Asia over Korea unification but currently it hasn’t yet. Money is being directed into the US and IMO it’s not for the 3% yield.
Foreign Policy the POTUS doesn’t have a say probably?
Charts may be useful but ultimately they just record history not dictate it.
https://www.goldmoney.com/research/goldmoney-insights/americas-financial-war-strategy
Too clarify the charts being $Gold. The $US rose for a year until that speech by Bush then $Gold picked up steam the $US continued it’s decent. very interesting time. Mild military conflicts too all out war and the $US & $Gold reaction very interesting.
“America’s Financial War Strategy” is a compelling read. Thanks, Mserr, for the link.
love the cartoon….
I agree the Euro “rally” has thus far been a backtest of a very well defind and large TOP ….now what ? A Strong Euro ? Why ? Personally I think its time for the Euro Zone Mess to be back in the spotlight
Agreed, Fully. The Euro mess has not been resolved. And what of Japan – government debt to GDP 253% as of 2017. Makes the rest of us look positively thrifty by comparison. Something is amiss, something nasty methinks. The green back though ill, is not dead, and is still the world reserve currency. Gold will have its day, the question is – when?
Pleased to read everyone disagreed with me
Not everyone. I think you are spot on.