649bruno
Long

Gold Vs DXY: Gold Weak, US Dollar Strong, Part 2

TVC:DXY   US DOLLAR CURRENCY INDEX
42 0 3
This chart is part two of a comparison of Gold-vs-DXY. DXY-is-strong, gold-is-weak. This started on May 3rd, 2016.
If you take the time to examine both charts, you will clearly see that both reversed in the same time frame.
Gold-reversed from up to down, DXY-reversed from down to up.
The negative TRADE-MAP indicators that I explained in part one are the opposite (positive) indicators for the DXY-Index.
If you are long Gold-or-gold miners shares, you may be in for a rough ride.
I would like to close with a quote from Woody Allen: “Money is better than poverty, if only for financial reasons.”
I hope the two charts have been helpful. May all of your trades go well. Don.

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