Loading ...Yes that was a lot of it. There were certain other factors. For example the absolute stubbornness of certain posters here (not you) that showed the psychology of the time - that the bears time was over. Also, recognizing the bottom formation on the chart and the completion of the last 5 wave leg down. Those were some of the main reasons.
aurum (US Dollar UUP)
take another look at your dollar chart. there are some periods where the trend did not run more than two or three years. some currencies are giving rpw buy signals. the rpw does not take time into account with the exception of stop placements. the currencies most likely to rally are the australian and new zealand dollar, probably as a result of unwinding yen carry trades and going too far. the rally against the usd may just be a blip on a long term chart but enough to bankrupt anyone who goes against it.
take care my friend. the long term trend always has a few mine fields along the path.
rno
so is this:
I’m not saying to sell gold/silver phyz cause the comex price is rigged
(I’m not) , just that maybe taking advantage of a hedge would help.
Auric
www.financialsense.com/fsu/editorials/martenson/2008/1111.html
……..and Nobody will put you in jail for saying so ………
This Chart kind of makes your point !…95 to 02 Dollar Bull….02 to 08 Dollar Bear….
stockcharts.com/h-sc/ui?s=&p=D&st=1980-01-01&en=1979-01-01&id=p03848913845
……..however……about your 1930s analogy………a Dollar was a piece of gold back then……..now its a piece of Sh!t !
…..with apologies to Sh!t….
Currencies go in a 7 year cycle. So either this is the start of a near 7 year run or it is one heck of a counter trend rally.
Other countries have historically reneged on their currencies - we have not so far. What do you think is in the Russians (for example) minds now with the Ruble. Of course gold in terms of rubles looks good - but the US Dollar is more portable and more spendable. Drug cartels have always used US dollars for that reason.
The US Dollar rose during the great worldwide depression for that reason - safety (if only relative).
Use of what seems logical and what seems has to be by fundamental reasons can and often does cause grief. Price (the charts) tell the truth to those with an open mind.
aurum (US dollar UUP)
………I wont discount that call for a 5 to 7 year dollar bull…….since the last time i doubted you on the Dollar…you astounded with your accurate call !
……..Still..I cannot get my head around a 6 year Dollar Bull……..
………Except for the fact it will all be ………
……..All relative to the Euro Pound Frank Loonie Aussie Ruble Yuan Yen Ruppee.etc and so forth…all types of rubbish
………What is the Cycle work you are using to project this Dollar rise ……in the face of the US Going all out to bailout their and the worlds economy…..while managing a GIGANTIC Budget Deficit and Current Account Deficit vs all these other currencies…..why should the Currency of the greatest Debtor nation in history become stronger…..?
………I now understand this short term reaction of forced liquidation and flight to dollars…which very few saw comming…but Longer term ?
………Its a bold call my friend.,,,,we will watch what unfolds….I do of course agree that Gold will gain against all Fiat including the Mighty Dollar going forward…………………….
……….Obviously you see something technical that will superceed all logic and Fundamentals…..
…………..wish he had an e mail adresse in prison…….Would love to invite him to the tent !
…………..Mysterious fellow……….what a complete farce and travesty to have a man with a mind like that locked up with no trial !…………………outrageous !
……………Curious that he has been alowed to “Publish “..just now !
Interesting photos, as always. I was taken aback by the date and apparent age of Sir Hiram Maxim, and then realized he is the father of Hiram Percy Maxim, an early amateur radio operator and a cofounder of the American Radio Relay League. Accomplishment and fame runs in the family, apparently.
New Years Eve 2007
arch0708.goldtent.net/2007/12/31/tqthis-deserves-a-place-at-analysis-paradise/
TQ on Armstrong
arch0708.goldtent.net/2008/11/11/fullgoldcrown-901-am-on-november-11-2008-2/
GoldBasis Nov 29 08
arch0708.goldtent.net/2008/11/29/gold-basis/
Roots of Hyperinflation
arch0708.goldtent.net/2008/12/13/the-roots-of-hyperinflation/
more to come
“reality is good !” You betcha amigo!
………..thanks……reality is good !
I tend to agree with you about the dollar. Don’t know if you
saw my posting about the Yuan and the China Syndrome but
I think the dollar was pushed down on purpose by the
Fed/China connection and now that they have let off its
come back like a beach ball from the bottom of the pool.
Right now it’s the only thing in a bonified bull market.
I think everyone was caught off gard and whiplashed
waiting for the dollar to go to the pits of Zool. It deserves
to go there but not right now. I don’t care how many
financial writers say this should go here and that should
should go there, the charts should override consensus.
Like the stuff we get from Rambus. I know, being a gold
bug is tough when you know what the real story is about
money but one needs to pay attention to the trend. Gold
is a hard “investment” not to fall in love with.
Auric
