A U.S Dollar top being made?

About fifteen years ago, Harold AGJ Davis and I were working in Montreal examining charts of the U.S. Dollar. Our conclusion was that it was forming a major top. Harold had noticed several “telling” indicators in the dollar’s chart. I have my own specific technical indicator that confirmed what Harold had noted in his technical analysis. My indicator, which has been quite “illuminating” and timely now has been suggesting a U.S. Dollar top being made since last April.

At the time, fifteen years ago, I faxed a copy of our conclusions to Kathleen Hays, who we would watch from the exchange floor on U.S. business television for her analysis. We benefited from her very informative commentaries and thought that the dollar situation might be of interest to her. I phoned her a year later to thank her for her comments. Surprisingly, she remembered my fax calling the dollar top that missed the exact major top by about 2 days and invited me to appear in New York on her CNN show. The fact is that technical analysis can be quite effective-the study of charts is the study of history. Don’t study them at your own risk.

Harold does technical analysis at www.Prairiecropcharts.com in Winnipeg and is awaiting a final confirmation of the Dollar completing its top.  Today, my one indicator suggests that the strong U.S. Dollar is making an important top which has been the MAJOR IMPEDIMENT TO THE PRICE OF GOLD AND GOLD STOCKS. We will see soon. The gold market awaits!

***This article is from our sister site  www.Canadianmineanalysis.com***