Loading ...The Most Important Chart On The Planet (Part 2)
Firstly, as has been said and noted before, PMs can, and do sometimes rise along with the US Dollar. As you’ve seen from my recent posts, gold priced in US Dollars is following the exact same path as gold priced in all the other global currencies, it’s just lagging behind. Could the US Dollar Index rise to 100, or 120 ? Yes, of course. It’s quite possible that my ‘inverted dome of doom’ could fail, with the Dollar breaking out to the upside. Rambus chart analysis is second to none. The Dollar could continue to lose value against gold (gold priced in Dollars continues to rise), but if all the other currencies devalue vis-à-vis gold at a faster rate, and their relative ‘value’ falls faster, then the Dollar Index will, indeed trend upwards.
Regardless of that possibility, I’ve taken a closer look at the $XEU, Euro Index. I can see a bullish case here…
Northstar
A question re this 15 year Cycle
Where does it come from ?
I see it drawn on many charts
But is this a repeating cycle for currencies ?
This chart only shows one period 2001 to 2016
TIA
Good question Fully. I’ve observed a 15 to 17 year cycle in most currencies. A similar length to the cycle in PM’s. Of course the Euro hasn’t been around long enough to get proper confirmation.