Another dollar alert - quick update
Another dollar alert
It seems that the dollar has fallen to the line yet again:
Today's fall has pushed the dollar back to the bottom of the up trend channel. Should it continue to fall into Asian trading and tomorrow expect to see a more substantial drop and a big rally in gold and silver. Gold and Silver are oversold and have staged a moderate rally into the weekend. The UK market has been closed today for the late summer bank holiday but trading resumes tomorrow.
A dollar bounce might seem like the more probable scenario, but something tells me this won't occur. I think the dollar is going to resume it's major bear trend and gold and silver will stage a short term rally, before correcting somewhat prior to a much larger rally.
For disclosure, I'm not a professional advisor and this is not investment advice, merely my own observations of the market and indexes, so do your own research.
Thank you for your continued support of SteemSilverGold
Thank you very much for the info. I hope you are right about the possibility of a dollar drop and a big rally in gold and silver.
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