Loading ...Damn US Dollar
We all want to analyse this POS but you know what ?
After looking at this 10 year chart for half an hour..
It’s unanalysable IMO
There is no pattern that jumps out of the murk
Its a whiny little b!tch of a chart….
What IF that’s all it will ever be .
Not Bullish because of the Trillions of dollars of debt
Not bearish because the POS it’s measured against is the same crap .
If Gold is what WE THINK IT IS…..it is now time to show up !
Sh!t or get off the rainbow.
Up in ALL Currencies is the only up that counts
Nothing identifiable except for that stinkin hs bottom.
Nah….thats failed imo
just blathering on thru space with no conviction …
Oh ok.
Fully … thinking of all the chartology put out on this site along with Rambus, I like some others need to guard against only a few viewpoints in making key trade decisions. In following a few other methodologies (Mike Oliver and Sid Norris) they both show the dollar on its last stand. Oliver shows it could go down any day based on momentum analysis and Norris with elliot wave/hurst cycles has it hitting 100 in May and then moving to 65 by the end of 2022. I say all this because for once I see all methodologies converging at once “very loudly” saying dollar down, gold/silver/miners up. If I was a betting man the next year should be interesting for this space.
100 in May ?….that’ll rot some bananas
Gold $1100 ? That’s where it was re thereabouts last time we saw 100 USD.
I think gold would barely bat an eyelid if the Dollar climbed to 100. PM’s are doing their own thing now, just like numerous times in the past. Dollar up – gold up, Dollar sideways – gold up, Dollar down – gold up. The game is up. The Fed has blown its load way too early and is now impotent.