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Calling for rally in dollar.

So i'm reading about a setup for a rally in the dollar, seems most are in limbo before they make a jump into commodities.
Do most of you really feel we'll see a significant dip in PM's before any new bullish trend occurs?

Seems this article is calling for a dip before any clear cut trend is speculated.

Article on rally of the dollar.

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Comments

  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    Chris Laird and at least one other guru are calling for a dollar rally.
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    So the concept is that people with cajones will see the big picture and see the big picture of the dollars situation.

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  • 57loaded57loaded Posts: 4,967 ✭✭✭
    he concludes..."Currently I am neutral on metals and the dollar and am waiting for a setup that has clear risk/reward characteristics."


  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Everyone has been calling for a dollar rally continuation since the start of December. Now the question should be was that it?

    The dollar is also due for a 3 year bottom in the next 3-6 months. Can't have both a rally and a bottom at the same time. Someone has to be wrong.

    The guy linked below was looking for a yearly dollar bottom in December but it came a month earlier. Now the question is when will the bounce be over and the next downtrend into a bottom occur? Since his bottom price prediction (71) was off by about 8 pts. That puts his rebound target off by the same amount....or adjusted to 82. Yeah, it's also troublesome that he's been somewhat off in the timing. There's nothing that says a 3 yr bottom couldn't occur on a higher low either. CV tends to wait for bottoms to come to him followed by a bounce and retest before he enters a trade. I haven't found his short term calls on gold, SPY, or Dollar to be as useful as his general trading philosophy.

    Dollar predictions

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • DoubleEagle59DoubleEagle59 Posts: 8,332 ✭✭✭✭✭
    I hope we have a huge dollar rally.

    I would welcome the resulting drop in PM's.

    I'd take advantage of the great buying opportunity for PM's.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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