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Tuesday and The Doctor Is In

Big Al
December 10, 2013

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Discussion
15 Comments
    Dec 10, 2013 10:03 AM

    Yes, I would agree with that Doc. I think we are going to hit and then break below 79 on the dollar. We were there just as recently as late October and the pattern strongly indicates (to me anyway) declines are ahead. I do not think USD is collapsing as Gary has suggested but certainly dollar weakness indicates inflation expectations will be mounting. This is a positive for metals. Hell, it is a positive for just about everything. We have really been in the doldrums for a long time in resources.

      Dec 10, 2013 10:36 AM

      I agree that a collapse is certainly not imminent for the U.S. dollar, but that is not to say it will not eventually not collapse. It is currently the prettiest pig in the trough.

    Dec 10, 2013 10:16 AM

    Wow gold going down to 72….what does that mean for gold Doc?

      Dec 10, 2013 10:36 AM

      If you mean the dollar going down to 72, to me that would indicate a positive condition for gold.

    Dec 10, 2013 10:41 AM

    Andrew, ultimately, I believe the dollar breaks down through 79—–probably not in this move down. It may bounce one more time and then if it takes out the 79 level there’s only resistance at 78 and then mostly air under that. I believe that would be a very positive scenario for gold and also commodities.

      Dec 10, 2013 10:04 PM

      I liked your comment the other day about the chart looking heavy, Richard. Feels the same to me. If it holds at 79 I will be surprised. The pattern would have truncated in that case in an odd formation relative to where it looks to be headed.

        Dec 10, 2013 10:54 PM

        I hope you’re right Bird; we could use a nice move up in the PMs to help maintain the channel we’re in when spring comes.

          Dec 10, 2013 10:41 PM

          Yeh Doc, I hope that he is correct also!

    Dec 10, 2013 10:36 PM

    you all think diss games and talk will go one forever ?http://www.youtube.com/watch?v=iFDe5kUUyT0 !!!!!!!!

      Dec 10, 2013 10:49 PM

      Thanks franky

    Dec 10, 2013 10:43 PM

    Your nick name could be Rachett Al??

    RL

      Dec 10, 2013 10:42 PM

      If I understood what it means I might do that!

    Dec 10, 2013 10:36 PM

    Contrary to a number of other opinions, I think Jeff is pretty sharp!