From its 74.97 low in mid-October, the US Dollar Index has bounced 1.8%. Occasional swings of a percentage point or two are to be expected, as markets never move in a straight line. So this latest bounce is not significant and in fact is hardly noticeable on the following chart.
This chart remains bearish. Both the long-term and short-term trends of the US Dollar Index are pointing lower.
We last lowered the stop-point on our short position in September. I suggest keeping it at the same level for the time being. For my specific trading recommendations, see Trading.
My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
