Wednesday, June 3, 2015

Gold And Silver Charts For June 2015

The chart notes indicate a greater likelihood for another dollar rally higher, and an additional reason comes from the base out of which this fiat paper currency has rallied.  You can see how the “dollar” index has been in a base trading range (TR) since 2006, on this chart, and said base provides the impetus to carry price much higher than has developed, to date.
dollar_monthly_2006_2015
The net results of the chart comments is to expect more backing and filling, and we are of the mind that higher fiat prices may been seen, at least until the charts indicate otherwise. (more)
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