Aug 12, 2015
I have posted DXY charts expecting a turn lower any moment. In comments I wrote that the USD is the joker referring precious metals, but obviously the impact is much bigger. What happened - China announcing currency devaluation and enters the currency wars. Add to this weak economy and for the FED will be difficult to raise rates in September(now higher probability it will not do it) USD is tanking, yields lower, bonds higher, stocks lower, gold/silver/miners higher. Last chance for the bulls is this count below. The indexes should just turn up and not look back. A move under 2044 and it is game over... open space below to 1980.