I think the USD currency Index chart is laughable. I say this because the value of USD is certainly not being reflected in the cost for things in the US. If the value of a currency is strong and growing, then that means it should have more buying power. Thus, prices should be lower. But that is clearly not the case here. The dollar is showing strength on the charts while prices keep increasing. Something is obviously wrong.
Yuriy_Bishko
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@kardia, maybe you are right! it's just technical picture
anand1988
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meaning gold can go up? but it has more sellers today...
kardia
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@anand1988, some traders have success in moving in the opposite direction of the herd.
Yuriy_Bishko
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@kardia, also some traders lose their money in such way
Yuriy_Bishko
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@anand1988, if it will bounce from mirror level. look at my gold chart
Yuriy_Bishko
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