1) The USD is probably topping as it enters the middle portion of its IC. Following its IC peak, we would expect a 1-3 month move to the downside. 2) While the dollar works its way through its cycle top, gold will probably roll over and decline into a daily, and then an intermediate cycle low. The timing of gold’s next ICL will roughly coincide with the Intermediate peak in the USD. 3) The US … read more Newsletter #195—The Return of the Bear
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