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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (89779)	2/15/2017 3:31:34 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218590

Hi John, A very excellent post and I cannot disagree with you points which are very well presented... the dollar has not weakened as anticipated despite a 7 week chart pattern... I could also say these market have not weakened despite a very obvious bearish wedge pattern... very clearly, the economic landscape is changing and these markets are reacting for the better... I have no problems with that since my model has been long from the onset and I still have no sell signal in sight... so we may as well ride the trend for as far as it takes us... when it comes to these markets I'm not a guru, I'm a follower, e.g., I never tell the market what it should do, it tells me what to do and I follow... As an aside here, I would imagine a continued firmer U.S. Dollar would likely put additional downward pressure on gold then??? TIA GZ

To: John Pitera who wrote (89779)	2/15/2017 8:44:30 AM
From: Mevis	1 Recommendation Recommended By GROUND ZERO™ Read Replies (1) \| Respond to of 218590

the statement below is very important, IMO. I don't think it will spell much doom for the metals markets BUT the stock market may find itself halted in its tracks at some point this year due to these upward pressures. And the benefit of lower corporate tax rates we will likely see in some form may be muted a bit due to the higher dollar. "It’s possible that a trade war would drive flows into the dollar, putting upward pressure on the currency at the expense of other exchange rates. That would be on top of the natural demand for the greenback created by the anticipation of significant fiscal stimulus floated by the Trump administration and a faster pace of interest-rate increases by the Federal Reserve".