There seems to be a sequence between long term trend reversals in gold, the US $ and commodities.
1/ Tops/bottoms of gold tend to precede tops/bottoms of US $/CHF:
2/ I have already shown that bottoms of US $ v. CHF (or tops of CHF) tend to precede tops of commodities (see here).
On April 8th, I posted a sell signal on the gold/silver index.
I see no technical buy signal for the US $ on my screen and do not expect such a signal before the Fed starts being more orthodox concerning the $ ... Historical data show that many months can elapse between both sell signals on gold and on the CHF.
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Thursday, April 10, 2008
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