Thursday, January 22, 2009

Another Possible US Dollar Top

The US dollar is up at the neckline of the previous top. The neckline offers resistance. If it is down from here for the US dollar, this downward movement would be a wind at the backs of the gold price and the silver price.

These nine charts show that it is not just the US dollar that is being devalued.

The gold and silver prices have moved up the last few days despite the US dollar moving up also. Bullish!

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