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Strategies & Market Trends : The coming US dollar crisis

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From: stan_hughes7/27/2007 6:00:08 AM
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Gold chart review

1. Weekly Gold in Yen -- nearing 2-year-plus RSI lows

stockcharts.com

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Japanese housewives not into gold yet.

2. Weekly Gold in Euros --

stockcharts.com

More Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

3. Weekly Gold in Swissies --

stockcharts.com

Yet more Zzzzzzzzzzzzzzzzzzzzzz

4. Weekly Gold in Sterling --

stockcharts.com

Boring, also looks like nowhereville near term.

5. Weekly Gold in Canadian Loonies --

stockcharts.com

That one actually looks like it might be ready to turn up = Canadian dollar headed for a fall here

6. Gold in New Zealand dollars --

stockcharts.com

Similar to the Loonie, NZD might be on the way down

7. Weekly Gold in Aussie dollars --

stockcharts.com

Same thing, the chart looks like up, so Aussie = down

8. Add them all together and you get the impression that the little guy currencies (CDW, NZD, XAD) are all about to get a haircut -- is there a common denominator in there?
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