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Author Message  hailoh Member Username: hailoh Post Number: 355 Registered: 04-2003 Rating: N/A Votes: 0 Friday, June 01, 2012 - 10:03 am:     The US dollar is closing in on the upper level of a declining trend line. If previous patterns play out again, the dollar will retreat and we could see gold move higher. The political cycle is such that the turning point could be late this year.  kesil Member Username: kesil Post Number: 31 Registered: 03-2012 Rating: N/A Votes: 0 Friday, June 01, 2012 - 09:45 pm:     G'day Hailoh, Very, very interesting to look at something from a different angle, a lot can happen in a month. $USD recent rises may well disintegrate and leave speculators with nothing but a happy memory on a monthly view. Then again back when gold lost its appeal in the last bubble, the dollar took over as the darling of the market and spiked like a pommie pensioner looking at page three. Looking at gold on a monthly view is not a really good look...it appears to have broken below a long term support and the MACD tells a very mournful story. Thanks for your post it really brings things into a whole new perspective. I think I know where I would prefer to put my quids...but I have been known to be wrong! Cheers Kesil “Success is stumbling from failure to failure with no loss of enthusiasm.” Winston S. Churchill

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