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Monetary Mayhem
...and its not Gold
....finally, we are backing and filling
...trying to break the ever-narrowing gap.
...the channel top approaches
...as the US Dollar surges.
...we are settling into a totally new environment.
"... Yep - They did it again."
...slowly, we retrace.
...that is the question.
...as the horizontal resistance falls.
as Bitcoin steals the limelight
...now for the real challenge
...and starts to fail.
...war escalates in the mid-east
both Silver and Gold are barely holding on.
US Dollar roars back to life.
...as we head towards the end of the year.
...as we head to the holidays.
... as the market turns back up.
...and does the dead cat bounce
...as our trend line gives up the game.
...as the retracement takes hold
...as the market powers higher.
...our trend line continues to set the tempo
...music to the ears of Bulls.
....now for the important part
...as we head to the weekend
...on the launch pad.
...more confirmation.
...slingshot confirmed.
... will the rally resume?
The contrarian purchase has worked out well.
...but the US Dollar continues to charge
...as we break out the contrarian life-raft.
... apparently the US Dollar is not "finished"
...doesn't look good for the EU flagship.
we've rallied back...but the down channel holds
.... separating the wheat from the chaff.
...foreshadowing a US Dollar rally?
...the target we need to clear.
...getting ready to run?
... target range.
...calm before the storm?
...the weekly chart sounds a note of concern.
...worries are mounting for the rally.
The April close wasn't very "Euro-Friendly"
... a modest pullback - or the end of the recent rally?
...sure looks like it.
...as the traders look for direction.
....to the new surroundings
...can't break out, won't sell off.
...as we lay out the charts.
...almost to the the Dollar.
...as the perma bulls scream "This is it!"... the short continues to work.
....but needs to hold the recent move.
...pending equity rout spurs liquidation across all sectors.
...for now at least.
Gold fails Friday's Challenge
...after a decent run.
....why solid info counts.
...Gold is in a "do or die" position.
...the Euro rout has knocked Gold
...Gold is under pressure.
... a store of value, indeed.
... a new world of fx is being created; and a lot more
...the bloodbath continues
Gold Sells Off Sharply.
...the "problems" are NOT going away.
...do we finally have some light at the end of the tunnel?
..and the world careens into chaos.
...as the target comes in to view.
update
when stocks crash and cash is King - Gold counts.
...the rally continues, apace
...a barometer of something larger?
...Gold Climbs 2% as Oil Gains over 6%
...after some truly heart stopping action
...out third scalp got covered.
...as expected - the same 'ol action
...it's the same 'ol story
...as a sell-off looms
...as we head into the end of the month.
...as the International situation deteriorates.
...but the horizontal holds - so far.
...are we starting a rally or fading?
...no let up to the buying.
...after a strong run
...the bulls keep right on charging
...was that the pullback?
...the launch pad was real.
...as the 50-day Moving Average falls
...the Bulls are getting emboldened.
the market sells off, but the horizontal holds.
the new trend line
...paint drying sessions resume
...everything on hold waiting for the "Number"
...the Power Uptrend is holding for now.
...could the worst be behind us?
...and what it's telling us.