U.S. Dollar Update
On January 31st, I posted the above chart because I was looking for the dollar to turn lower. After seeing today's sell off in the greenback, it appears to have turned the corner and is headed back down. You can read my reasons for being bearish on the dollar here. The cycles nailed the top...Now you know why I pay such close attention to cyclical movements in the market.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
Kevin,This weak greenback should help the gold rally,could you look at gold at sometime. thanks for your blog, It is daily reading!
Look at gold sometime? I haven't taken my eyes off gold..:-) I've been waiting for the dollar to move lower so that it can boost the price of gold. I've been posting about gold every day. I'm looking for higher prices.
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