The US Dollar Might Have Entered A Cyclical Bull Market On 3-17-08
The US Dollar might have entered a Cyclical Bull Market on 3-17-08, see http://stockcharts.com/charts/gallery.html?%24usd, which is the same day that gold might have/probably entered a Cyclical Bear Market, see http://stockcharts.com/charts/gallery.html?%24gold. Note the US Dollar's very bullish very large inverse spike at 70.70 on 3-17-08 and note gold's very bearish very large spike at $1033.90 on 3-17-08.
The crashing velocity (circulation) of money, see http://tradethecycles.blogspot.com/2008/04/crashing-velocity-circulation-of-money.html, has created a very deflationary environment, because, it cancels out (very likely more than cancels out) rapid money supply growth.
My previous 18 month $500-550 cycle low target range for gold's Wave 2 Cyclical Bear Market is probably too optimistic. Probably 2-3 years and $450-500 is more realistic, given the extremely deflationary environment.
.......http://www.JoeFROCKS.com/ .
NEM XAU HUI
The crashing velocity (circulation) of money, see http://tradethecycles.blogspot.com/2008/04/crashing-velocity-circulation-of-money.html, has created a very deflationary environment, because, it cancels out (very likely more than cancels out) rapid money supply growth.
My previous 18 month $500-550 cycle low target range for gold's Wave 2 Cyclical Bear Market is probably too optimistic. Probably 2-3 years and $450-500 is more realistic, given the extremely deflationary environment.
.......http://www.JoeFROCKS.com/ .
NEM XAU HUI
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
8:12 PM
0 Comments:
Post a Comment
<< Home