As you know we have had a substantial drop and correction in the dollar. It has essentially dropped to previous area of support. The normal indicators have been dead at the bottom here. Are they ready to wiggle again, I'm watching for a bottom here. If it does bottom and head up, it should march on up to a higher high imo. I am a dollar bull until shown otherwise. Potentially it could even go up towards a near all time high.
One could ask with the recent drop in the dollar why the rise in pm's and bitcoin have not been more boisterous. The rallies seem a bit muted given the magnitude of the dollar fall. Especially bitcoin.
So it is kind like a key juncture right here, what the next move is going to be, in the dollar and inverse dollar type indices.
I am also watching Gold the stock closely. It rallied just as it hit present uptrend line, has rallied back to previous area of support. If it turns south again, I think it goes on down through that current uptrend line. And IF that happens maybe even back to 5 bucks or lower. Within a few weeks we should have more clarity.
In the end I am LT bullish pm's, just presently believe they have more downside, but I am starting to pay more attention, yes.
27 F at my house. Unreal, pushing all the cold air south. But it won't last. A few days back to 0 and near 20 below at night. The worst should be over, gaining just shy of 7 minutes a day. The winter temp bottom is about mid Jan. Very slow warm up until near end of March, then it really takes off.
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My pals came back for a visit. A normal winter pretty much, so they look to be in good shape. Mama looks pregnant, will birth in mid May or so. Soon to be yearling daughter stays with Mama until just before she gives birth, then Mama runs her off. Seems a bit cruel but that is the way they do it.
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