Well I have the dollar looking tired, as one preferred possibility, and about here:
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The reference to the fibs is for the iv, so it appears the dollar may have peaked here, or has a little to go. In any event gold is not strongly coupled at this point imo, and this indicates something that is maybe bullish.
If this dollar EW is correct (and it may not be) the next correction (up) in the dollar should be a beaut. This would be a 4, and follow the v of 3. It may get GW elected for one more go.
I don't have the HUI in a correction (at least what I call one), as a one day pullback does not a correction make. I do have HUI in the last wave up for this series .... will say that much, but the best rises are usually at the end. So I guess we shall see. Maybe I am wrong. There are a few stocks looking tired, but several looking up. The HUI includes a mix, so ....
I don't have the general markets as having yet peaked. But the top is now getting closer and for those that short .... some excellent ops should be coming up. When the market does peak, if it peaks soon, I would at least initially think this positive for pm's. But things don't always go as planned. There are a lot of counter rotating forces in the present equity and currency markets, imo.
ttrader.com\'s%20charts&id=427&d=2 |
