23 September 2011

USDX : BUY

  • Chart with labels self-explanatory. In short - go with sudden sharp monthly reversals (such as we are seeing now).
  • We are now only at the beginning of a multi-month USD upmove. Risk Off.
  • Suggests that it is not the time to buy stocks (or gold) yet, no matter how cheap they might look. Judge value by where it is going, not where it has come from.

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