It continues--gold and the US dollar index rising.
Six weeks of impossibility and counting.
The last time something like this happened, it lasted six months, from November 2009 until late May of 2010.
Interestingly, the current trend begins right where the previous impossible trend left off. Perhaps this is the sign that we are returning to the type of market that favours both gold and the US dollar--probably to the detriment of everything else. It would suggest that the advance and subsequent collapse in the price of gold from mid-2010 to mid-2013 was some sort of blow-out from the trend, although I am a little reluctant to accept this because it is so much longer than the roughly linear trend.
Notice that the advance of USDX and gold together is only a rough trend. Few were the weeks in which both advanced. I expect this behaviour to continue.
Six weeks of impossibility and counting.
The last time something like this happened, it lasted six months, from November 2009 until late May of 2010.
Interestingly, the current trend begins right where the previous impossible trend left off. Perhaps this is the sign that we are returning to the type of market that favours both gold and the US dollar--probably to the detriment of everything else. It would suggest that the advance and subsequent collapse in the price of gold from mid-2010 to mid-2013 was some sort of blow-out from the trend, although I am a little reluctant to accept this because it is so much longer than the roughly linear trend.
Notice that the advance of USDX and gold together is only a rough trend. Few were the weeks in which both advanced. I expect this behaviour to continue.
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