The trend change is the USD breaking out of a multi year channel to the upside. Sinclair and the others were wrong and wrong at the worst possible point. At least the USD is finally taking a breather. I am good with another couple of up years on the USD as it gives me time to reposition into foreign assets. A parabolic move only helps speculators.
I just looked at the chart of the index and my bones are telling me..... The rocket is above the earth and about to have its super boosters ignited.....next stop is the moon....followed by a pause as it uses the gravitational pull to sling shot it into deep space. It won't be long.
Ramp up, pause to build strength, ramp up, pause to build strength. This is a classic bull market. No parabolic move here. Just strength. It will be nice when gold finally has this kind of pattern.
Technically true, but how likely is it that the all the others drops or rise and the USD stay still? Movement will usually be the result of the USD actually moving, that's the purpose of the averaging filter caused by measuring against a basket of other currencies.
$USDOLLAR which is equally weighted in EUR/GPB/JPY/AUD has broken the highs it made earlier in the year
How high? Use real estate prices in our capital cities as a guide to how high and how long a bull market can go. Way past the point when we think " Oh.....the high is in"....all the way past the point where we think " Now it's ridiculous".....and will end when we think that we were wrong and that the market will remain at the high levels. I think that is less than 500 words.
The energy levels on the index which will propel it above the 100 mark are now extreme. It is like waiting for a tyre to explode as you keep pushing in the air. You can see it getting bigger, you know its going to blow......
Where are you getting your definition? The USD index as most of us know it is not equally weighted and the EUR is the majority component. https://en.wikipedia.org/wiki/U.S._Dollar_Index
Its Not USDX/DXY http://www.djindexes.com/fxcm/ https://en.wikipedia.org/wiki/Dow_Jones_FXCM_Dollar_Index
significant break through the 100 mark on its way, very, very soon.........followed by a retest of the 100......and then up and away she goes again....it will be a long time before the 100 is seen again.
No..it was written in 1976. It is a little know fact that Rod Stewart was one of the 'original' Silver Stackers. He accurately predicted the bottom of the mid 70's gold retracement. His song was actually a hidden message to other stackers to buy.
