A longer term view here. Setting cycle analysis aside this time on the supposition that the dollar cycle may be delayed or failed (due to CB shenanigans) The recent dollar activity suggests an interesting parallel to 2008 when a stock market top, housing bubble pop, and interest rate rise gave birth to the Great Financial Crisis. If nothing else the fractal is interesting and is something to watch for.

The chart below is basically the same chart, but with $GOLD behind the price. On this chart note that as the dollar made a high in late 2015, GOLD bottomed – we think. After a reaction the dollar then went on to a higher high in late 2016. Did GOLD then make a lower low? No it did not. GOLD made a higher low (Bullish) Certainly GOLD has been weak in the face of the DOLLAR decline to the January 2018 low, but it has also shown resilience while the dollar scoots higher. So is it possible, maybe even probable, that if the dollar goes on to a new high GOLD makes yet another higher low – say $1260 – $1275 ish? From that point, Point “5?” on the chart, one might speculate that the PM bull market resumes with a vengeance. Wild speculation, but…

A $GOLD chart with cycle weekly lines has been posted previously. Nothing new here, but it indicates once more a time and dollar frame for a possible turn around in $GOLD and the PMs. Again, its speculation.

I apologize, Audept and Fully, for spamming the page. It didn’t start out that way.