Avocado Pit our resident gold permabear sent me a chart and asked me to update it in response to Northstar’s US Dollar post. He doesn’t have a Stockchart subscription anymore .

I do have a similar chart which I constructed last year …Its the long term USD in Log form.

It is actually quite striking.

I call it ” BOINK”

This chart was inspired by an infamous Rambus (from 2013) chart which he postulated a fractal to be played out in the dollar.

Anyhow Its one that keeps me cautious on Gold. It’s very Bullish IMO and that’s why I say we need Gold to rise WITH the Dollar