Loading ...THE MOST IMPORTANT CHART ON THE PLANET
THE DOLLAR INDEX
DAILY
If it break thru this line Gold and Commodities will have a leg down in all probability
However the TSI momentum indicator ( Hi Matrix) could be peaking …watch this chart like a hawk.
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Weekly
MUCH BEARISH INTERPRETATION HERE
..TRENDLINE BROKEN WITH A BACKTEST COMPLETE
BEAR FLAG POTENTIAL
..HIGH PERCENTAGE OF PATTERNS AFTER A BREAKDOWN OF A SOLID TREND ARE CONTINUATION PATTERNS SO ODDS STRONGLY FAVOR DOWN
HOWEVER ALSO COULD BE A BULL FLAG BIGGER PATTERN AFTER THAT BIG MOVE IN 2014
MUCH LOWER PROBABILITY IMO
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MONTHLY (LOG FORMAT)
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FUNDAMENTALS ?
The greatest Inflation wave since the 1970s is Building and just getting started.
watching the weekly 50 to hold
The US Dollar chart may be the most important chart. Maybe. If it is, then the Chinese Yuan is the second. There were 7.2 Yuan to the Dollar pre Covid. Now it is 6.4 Yuan to the Dollar. A massive strengthening.
Think about that. Now China is weakening the Yuan. That pair, the Dollar Yuan, is far more important than the Euro or anything else. People can be misdirected by focusing only on western currencies. The implications are for a stronger US Dollar, weaker US stock market, and of course the gold miners get killed again. Just like they have for decades. I trade them anyway. I am not religious about price. They are trading vehicles.
Very thoughtful comments earlier about where and how gold is held and sold at pawnshops by widows. I was a dealer, had a retail store and got out of the business when two local dealers were murdered and the FBI
warned us about MS13 gangs targeting small shops. They never robbed the business. Too much security. They got you at home. I remember the agent asking if I took the Wall Street Journal? I said yes. It will happen when you go out at 5 am and open your front door or when you go out to dinner… It was many years before I felt safe.