The dollar is …

I’ve done some more work on the dollar chart I posted yesterday. I’m a weather forecaster. I’m used to pattern recognition and spotting cyclical behaviour. Every living thing on our planet displays predictable cycles, and that extends to systems that have been created by us i.e. artificial systems as opposed to natural ones. I’m not saying it’s impossible for a cycle to break. Of course it’s not – a system can become chaotic and collapse, but until then, it has a discernible rhythm, if you care to look.

I know some may laugh at the following chart, but I’m going to stick my neck out and say that the dollar will bottom somewhere in the 60-65 region in 2023. I would expect gold to peak 2-3 years after that, as it has in the past. This is a forecast based on current data, using the past as a guide. Any forecast looking this far ahead is going to be subject to an element of uncertainty and future revisions. Nevertheless, this remains my best guidance at present. Please accept it as it’s intended, not an arrogant, guaranteed prediction, just my honest, considered opinion.