It is supposed to have cycles of overvalued and undervalued, at least vs other currencies, but perhaps not vs physical assets of real demand and intrinsic value.
Yes, I realize that no fiat currency in history has ever survived.
But the DXY is the USDs purchasing power vs other currencies, not vs gold/silver.
Against gold/silver, USD and all other currencies will continue to fall over the next 50 years.
Because gold/silver are the real money, and currency was always the receipt for your real money.
People have just forgotten this and/or have grown up not knowing it at all.
Contrary to a common belief...
Gold can be at $2500 and the DXY at 125 or 150.
Over time this is possible, it just means the euro , yen, aussie and other currencies VS the dollar will be CRUSHED.