Monday, November 28, 2005

Gold and Silver Are About To Get Tail Winds

The US Dollar is up to a resistance level established during the first quarter of 2004:
which you can see on this 2 year chart
in addition to having stopped going up along the top of the upward sloping channel that it is in:
which you can see on this 6 month chart
in addition to having formed a 2-b end of upward trend signal last Thursday.
Things are looking terrible for the US Dollar. Three strikes and you're out?

Since the Dow Jones Industrial Average is back up to its resistance level of early this year:
which can be seen on this 3 year chart
it would be a good time for non Americans to sell their US equities and convert their proceeds of US Dollars into their home fiat tokens (currencies or even money as some people call them) while the US Dollar is strong against their home fiat tokens. It is a good time for non Americans to lock in both their equity gains and foreign exchange gains. On top of that, The Dow was up 6 days in a row, an end of upward trend signal, as of last Friday. An extra reason for selling their equities, and then selling their US Dollar proceeds for their home tokens.

"A general dissolution of principles and manners will more surely overthrow the liberties of America than the whole force of the common enemy. While the people are virtuous they cannot be subdued; but when once they lose their virtue then will be ready to surrender their liberties to the first external or internal invader." -- Samuel Adams

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