I Knew It Didn’t Make Sense
In my postings over the weekend I discussed how it didn’t make sense what happened last week, especially on Friday, regarding the metals and particularly the dollar. The charts showed a clear bottom in the dollar and a bounce to 95-96 was all but certain. The metals weren’t as certain but they still weren’t done with their corrections and usually trade oppossite the dollar although not always. After the one day fluke(manipulation) brought about probably by insider banking interests in China, last Friday where the dollar broke below the 50day mvg avg. and the metaals rallied sharply, things are reversing to where they were heading. That head fake was brought about by the insiders who knew what the Chinese were going to do to stop the yuan from rising against the dollar. The markets are back to trading where they were going which is dollar up to 95-96 and gold and silver back to correcting. Stay tuned.