F
fibo_trader
from November 2019
So, what does all this mean?
It just means that even if the US Dollar Index goes into a correction, it is destined to rise thereafter to stellar heights and kick everyone's ass, including that of Swissy but more importantly the ratio of dollar to Gold will be rising in a bull move. If so, what does that say about Goldie in absolute terms? She can dance up and down, if Dollar goes into correction now, goldie could retest the recent high, but I have called Goldie eventually going down to $700 over the next 2 years, up and down notwithstanding. Its all on record right here at T2W.
So, while all this is going on, its best to trade the move in Goldie, trade it, trade it, trade it, no buying the solid metal for now
Hasta la vista amigos
So, what does all this mean?
It just means that even if the US Dollar Index goes into a correction, it is destined to rise thereafter to stellar heights and kick everyone's ass, including that of Swissy but more importantly the ratio of dollar to Gold will be rising in a bull move. If so, what does that say about Goldie in absolute terms? She can dance up and down, if Dollar goes into correction now, goldie could retest the recent high, but I have called Goldie eventually going down to $700 over the next 2 years, up and down notwithstanding. Its all on record right here at T2W.
So, while all this is going on, its best to trade the move in Goldie, trade it, trade it, trade it, no buying the solid metal for now
Hasta la vista amigos