u.s dollar index slingshot about to happen.

Discussion in 'Gold' started by tolly_67, Jan 16, 2017.

  1. tolly_67

    tolly_67 Well-Known Member

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    Sorry, Leon will be right here.
    This slingshot is going to play whack-a-mole with the gold price and it is not going to miss.
     
  2. Silverthorn

    Silverthorn Well-Known Member

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    hope so, got some money riding on it but the short term chart looks a bit off. finicky might have a name for this.

    [​IMG]
     
  3. leo25

    leo25 Well-Known Member Silver Stacker

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    still nothing, but I'm sure you and Leon will be "right" at some point :lol:

    keep digging that hole, I'm sure you will get to the other side one day.
     
  4. tolly_67

    tolly_67 Well-Known Member

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    Wayyy too short a chart. This will be the week where the true direction will unfold.
     
  5. House

    House Well-Known Member Silver Stacker

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  6. whinfell

    whinfell Well-Known Member Silver Stacker

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    Probably about time we revisited the Baltic Dry Index as well :p
     
  7. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I hope so, there's family US shares I'd like to profit take and turn into BAE shares when the GBP cross rates get better. I just hope CommSec let's you do cross rates add I'm not USD/AUD cash and then into AUD/GBP plus brokerage, not my money but I want the family not to get screwed twice on the exchange.
     
  8. tolly_67

    tolly_67 Well-Known Member

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    That call was bloody close to the turn......the rate of climb was the issue. I was about 9 months out on breaking the 100 mark.
    It has broken and retested the 100. Ignore it at your own peril.
    There are a lot of forums littered with the dollar and dow to zero gang that were dead wrong.
     
  9. clear

    clear Well-Known Member

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    so how large is this whack on gold.
     
  10. tolly_67

    tolly_67 Well-Known Member

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    Don't know but it is the whack to end this current rally.
     
  11. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Problem is cross rates, Chinese don't have another surprise devaluation in them, the yen has done is thing, the euro is going to gain in the pound and you watch the the tide go out on bonds and equities when they finally get dow 20k, where do you go from there? Nobody knows... Which a stronger dollar will play with like a rag doll too. Cable is a chance. I kiss the technicals look good, but there's not though macro push I don't think for anything big and long term.

    Maybe I'm just not feeling it... I'm rooting for it, really, DXY at 1.15 would solve a few trading problems. But the longer I wait the less confident I am.

    Having said that I wouldn't put my money against tolly any day, or finicky, or caput or even Leon.
     
  12. tolly_67

    tolly_67 Well-Known Member

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    If I am dead wrong then you can all call me Nostradumbass.....and I will not make another call for 12 months.
     
  13. leo25

    leo25 Well-Known Member Silver Stacker

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    ok you got until this Monday the 23rd for it to happen.
     
  14. tolly_67

    tolly_67 Well-Known Member

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    That's fair enough.
    12 months of not sprouting bullshit!! Hmmm. I hope you realise that it is an addiction and I will need some intense therapy to overcome the urge to go into print.
     
  15. Silverthorn

    Silverthorn Well-Known Member

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    It's good to look at several different time periods when watching something.

    Here's the yearly now. Lower high and lower low starting to form. Leon might come out of the woodwork soon.

    [​IMG]
     
  16. tolly_67

    tolly_67 Well-Known Member

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    I said 12 months of no predictions.....I have about 9 months left...
    This U.S. dollar seems to be locked in pretty tight....not really up or down by much...
    I was expecting a big rise soon......lucky I don't put money where my mouth is or I would be on Skid Row.
     
  17. Silverthorn

    Silverthorn Well-Known Member

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    predict leon will come out of the woodwork. no one will mind if you're wrong. :D
     
  18. tolly_67

    tolly_67 Well-Known Member

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    I don't mind leon's posts. He is respectful to me and as such I have no cause to be critical of his posts. I might not agree with them all the time but I still keep an open mind.
     

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