DXY / Sprott Money
106, 110? Then the real DXY crash down to the Jim Sinclair forecast?
https://www.sprottmoney.com/blog/It%E2%80%99s-all-about-the-DXY-January-19-2023
GL
106, 110? Then the real DXY crash down to the Jim Sinclair forecast?
https://www.sprottmoney.com/blog/It%E2%80%99s-all-about-the-DXY-January-19-2023
GL
Read over the weekend which prompted me to review the chart again. His premise of a possible rally before a deep dive is valid given how oversold it got. However barring some catastrophic geopolitical event like nuclear war it isn’t getting back to 110. 106 does represent the 200 day so while possible any rally needs to happen soon as the oversold condition is getting worked off. Don’t use this to time gold and silver as you will be waiting for a bounce in this worthless index while gold races to 2000 and beyond.