US Dollar, Gold And Silver Chart Analysis

Chart of the Day – Dollar, Gold and Silver

$USD – If the dollar gives us a normal duration intermediate cycle, it will not be due to bottom until September or October.

$GOLD – Assuming gold continues to decouple as the dollar completes its final intermediate rally, we could see gold trend generally higher until fall. I would think a reasonable target by then to be be between 1450 and 1550.

$SILVER – The pullback in gold was a bit shallow at only 38%. But silver retraced 50% and that is a completely normal intermediate cycle decline.

********

Courtesy of http://blog.smartmoneytrackerpremium.com/