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Robert Mix's Blog said:Each of those little red and white bars are what the pros call "candlesticks". I cannot recall EVER having seen 10 white ones in a row...
You guys wouldn't be insinuating that the dollar move is unnatural, would you?
* necro bump *
I see the Dollar Index broke through 100 again this morning (101.46 as I type this). According to the historical chart I found (link below), it peaked at 113 circa February 2002 and 125 circa February 1985.
https://www.macrotrends.net/1329/us-dollar-index-historical-chart
IMO, a high probability of a #2 Double Bottom (Market top) formation as seen on the charts prior top in 2002 could be coming.Armstrong has 120 as a high too. Some think we go to 130 or even match the 165 high. Cleanest shirt in the dirty laundry. I expect the metals to decouple from the buck up metals down at some point. Feels like the world is about to end doesn't it?
If you really want to get into the weeds with the why's of the USD's rise look here...
Beyond the first phase of King Dollar (ending soon?!) I believe that commodities will come to the fore, monetary commodities first. This might start soonish...
The USD dies in strength, not weakness and this could take quite some time.
If the metals are at or near a bottom would you rather be involved with mining stocks or a proxy for Gold and Silver? I have no idea where the stock market goes and would rather give up some upside in the miners if the SM tanks and the miners go south with the general market.
Here is a short-term snapshot of the USD. 3 x .60 scale. Pressure at the 117 level.
View attachment 238
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