Reply #13: "not consistent with a long rising trend in the dollar" - The missing fact

[Frodo]

Wait about two weeks. If gold is down just slighltly (less than it's fallen each of the last couple days) and if the dollar (trade-weighted index) is up just about half a cent. Where will we be?

We'll be sitting on a dollar that has risen over the prior 12 month period.

AND gold trading below where it was a year before.


Sound like "medium-term" rising trends at least.

It isn't just "possible" I think it's likely to happen. The dollar is now trading above it's 200 day moving average for (I think) the first time since it was close to 120. The only other time it touched the line it bounced right off and headed down last fall. This appears to have the makings of a clean break.