GLD, weekly
SLV, weekly
Summary
Best guess?
I am seeking a bullish breakout in the USD, back above the giant DXY 100 threshold.. and onward to the 120s.
If correct, such dollar strength will put significant downward pressure on the metals (and most other commodities) into next year.
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Further, if the metals do resume lower.. it will drag the related mining stocks lower, regardless of however strong the broader equity market might be.
