In this post, I would like to offer a global outlook for the gauge of the most financial assets, for the US dollar via its index DXY.
It is important to understand the global trend for the dollar to plan our precious metals strategy. I've included four charts below with different periods of observations and you can judge for yourself what you are after.
Chart 1. Dollar Index Monthly (1985-2016): Looks Bad!
Chart courtesy of tradingview.com
On the monthly chart above, we see that the dollar dropped from the 125+ levels, then made a correction to the blue A point at the 121 level. After that, from 2001, we saw another massive sell-off of 51 points down to the 70 level in he notorious 2008. Continue reading "The Dollar Index: Make Or Break?"
