Loading ...CHF/USD Looks Poised To Support PM Bull
I’ve been posting this chart on and off for quite a long time now, but I still think it’s on our side (if you’re a PM bull). Based on cycle timing, we may see a short-lived drop, but it’s highly likely that the long term trend will be up here.
Why would the Swiss permit that?
No idea – I’m just reading what the charts are suggesting to me.
Thank you NS for the chart. I realize you are showing perhaps yet another indicator of a falling dollar to support the rising gold thesis but I just wonder if managed currency exchange rate markets reliably reflect cycles. Personally I discount them due to the political interference. Nevertheless, should be clear sailing for gold now. Seems that was it.
Manipulation is nothing new CT, but cyclical behaviour has continued regardless. However, the cycles are what lie in the background – the extent to which they affect price is also governed by many and varied external factors.