Dollar Index Forms Major Double Top as Gold Has Stellar Day.
In this report, I cover the early market action from London on Friday, November 2nd, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and the oil price.
Today the focus of my report is to look at the technical picture for the dollar index, the dollar/yuan, and the gold price. I show how both the dollar index and the dollar/yuan look to have both put a major double top and how gold has bounced of very strongly off a key support around $1212.
My conclusion is that we could see continued weakness in the dollar and strength in the Chinese currency and that a bottom might definitely be in place for gold at the August-2018 low of $1161.
Use promo code maneco64 to get 0.5% discount at https://www.goldinvestments.co.uk/
Support the channel:
maneco64 store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XgCTCWbz3yMYZKwNH9o8eaEFt
▶️ DTube
▶️ IPFS
I know you stack the metals, do you just buy bullion coins or do you collect numismatic coins as well. Thanks mike
Overly incredible!!