11 thoughts on “CHART OF THE DAY

  1. Bob UK

    That looks like you are writing off being invested in gold/silver for a long time to come Gary?

    With the conventional markets seemingly topped out and unable to go much higher I wonder whether we all should just go on holiday for 6 months.

  2. Tom

    Yeah, at this point, you are either long and holding from months if not years ago in equities or you are in cash. The only problem with this scenerio is that it is so obvious.

  3. Don

    I’ve never heard of anyone using a 200 week moving average. How could it possibly have any value?

    1. gary Post author

      Obviously there are a lot of traders that watch it. Notice how many times the dollar bounced off that level in 2012, 13 & 14.

  4. Markus

    I don´t think the fed will let the dollar go up to 120. They will print once it breaks 100.

    1. gary Post author

      They will need an excuse to print. I think it will take at least a 20% correction in stocks before it’s politically possible to start another QE.

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