With continued volatility in key global markets, today King World News is pleased to share a piece of legendary technical analyst Louise Yamada’s “Technical Perspectives” report. Yamada is without question one of the greatest technical analysts Wall Street has ever seen. This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally.
The portion below covers gold, art, hard assets, real estate, the Euro & U.S. dollar.
August 8 (King World News) - GOLD, ART, HARD ASSETS, CURRENCIES: Dollar on a Pogo Stick.
The U.S. Dollar Index (DXY-81.91) last month no sooner notched a new low (see Figure 24) than it rallied this past month to a new reaction high and back down again!! But little has changed from our comments last month. The gyrations could continue in a developing trading range between 81 support (coincident with a newer uptrend still in force),
To read this article in full please click here.
With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.
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