Monday, April 25, 2011

Gold C-wave Tops And US Dollar Crashes

From the inception of gold’s secular bull market in 2001, gold has completed 6 ABCD wave patterns which I have graphically detailed on my website. This precious metal is now in the final process of completing its 7th C-wave which characteristically concludes with parabolic bravura.

Read More: http://www.dailymarkets.com/stock/2011/04/24/gold-c-wave-tops-and-us-dollar-crashes/

The dollar’s going to crash, the dollar’s going to crash!
Uh, it already has. The time to be shouting about a crash was 2000, but the dollar-crash meme only got mainstream in late 2007. As you can see in this 10-year chart of the trade-weignted dollar index, the dollar had by then already fallen, and is no lower today than 3 years ago. It may be putting in a triple bottom prior to a secular bull market. The sentiment has certainly been negative enough for long enough to set up a lasting upturn, and the price action in recent years is similar to that of the late 80s to early 90s.

Read More: http://sovereignspeculator.com/2011/04/20/the-dollars-going-to-crash-the-dollars-going-to-crash/

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