The evident Bear Flag on on the DXY monthly chart points to 1 thing, another 11 point drop on the dollar over the next 12 months. This should have several positive and negative consequences. On the positive side the commodity complex as a whole should do well, particularly precious metals. The grains are more complicated, while the drop of the dollar is...
Anything can be charted. Im not a genius, but I know a bear flag when I see one. Boys and girls, inflation is going down, along with the dollar, and interest rates. I have a crap load of gold and gold equities. However, markets in general will rise. Welcome to criticize. I love learning.
I'm shorting oil on resistance at $85. Don't get me wrong I like making money, but if this head and shoulders triggers? We will be supporting not only our immediate family, but our extended families as well. This will take oil to $30 range. Only 1 thing takes oil near covid lows. That's a major drop in US markets. Watch March-May. If it triggers I believe will...
