Loading ...Provocative
A Comment on one of Rambus Charts in his “Comprehensive Currency Update” which is tonites Wednesday Report.
If the large H&S bottom plays out it should add at least ten points to where the neckline is broken which would mean new highs for bull market that began in 2008. I know it doesn’t feel like it, but the US dollar has been in a bull market for ten years now and looks like it will have many more years to run.
https://rambus1.com/2018/10/17/wednesday-report-219/
Is it just a coincidence that the 15 month H&S pattern that has been forming on the US dollar and the XEU is just random luck or is there more to it? As always we’ll know in the fullness of time, but if these H&S patterns complete they will be talking to us in more Languages than we can think of right now. All the best…Rambus
Very interesting. That would mean, of course, that the dollar no longer has a 15 year cycle. It would also destroy the cycles in commodities, PMs etc. Very big implications if true.
NorthStar : As you know I admire your charts and your work showing these longer term cycles.
Respectfully My question is : The Dollar 15 year cycle …how long has it been in effect ?
Your charts show that there have been 3 very accurate repeating 15 year cycles
https://goldtadise.com/wp-content/uploads/2018/04/Chart470Dollar.png
but is that really enough to hang our hats on ? It may be difficult to go back say 5 or more cycles…. as the Dollar index…which is what we are following so closely … has only fairly recently been constructed as it is now with the Euro being 57% represented. Prior to the Euro we had the German Mark and French Frank and Italian lira etc.
I think the Commodity cycle may have been in effect longer ( more confirmed cycles) but has it been established enough to be trusted to repeat on schedule?…could there be deviations plus or minus a few years ?
I guess it comes down to whether one trusts these longer term repeating cycles more than repeating chart patterns . Of course none of us knows for sure which will prove out at this time.
Thanks for all you do.
Fully
Since 1790 that I am aware!
Really ?
Show me a chart