Fractal Analysis of US Dollar Index Suggests Massive Gold Rally Coming
Commodities / Gold and Silver 2016 Apr 05, 2016 - 10:51 AM GMTBy: Hubert_Moolman
Below, I have done a fractal analysis of the US Dollar index (generated on tradingview.com). It shows that the US Dollar index is likely to drop over the next years; however, it appears to have started a new uptrend (read deflation – deflation is great for gold and silver), from a long-term point of view.
It also, indirectly shows that gold is likely to perform in a similar manner to how it moved from about $100 to $850 in the late 70s. Furthermore, the analysis suggests that we are now at a point similar to January/February 1977. If this pattern plays out like it did in the late 70s, and gold has a similar rally, then we will see a gold price in excess of $8000.
For more of this kind of analysis on silver and gold, you are welcome to subscribe to my premium service. I have also recently completed a Long-term Silver Fractal Analysis Report .
Warm regards
Hubert
“And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved”
http://hubertmoolman.wordpress.com/
You can email any comments to hubert@hgmandassociates.co.za
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