Loading ...The Dec third bottom is clear to see. Under $1,060. I called it on that day if anyone remembers. A hole in one.
That run to $1,270 was an over reaction, got a little ahead of itself, and at $1,240 today it’s still only 2.3% off the recent high. Its been more like a TIME correction rather than a price correction.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&b=5&g=0&id=p37163330300
Dopey/Dollar is in a clear down trend that started Dec third. Ya know how you just KNOW something, but just can’t prove it? I KNEW that day TPTB rotated the dollar lower, but NOT in a straight line of course.
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&b=5&g=0&id=p53464730644