Wednesday, June 3, 2009

Top for precious metals may now be in...

Looks like the trend change may have been today, the $USD looks like it's bottoming also. We will need a couple of more days to be sure. The time node value on the bottom chart is .5119064 which is 2.38% off of ideal (((.5119064/.5) -1) *100%). Note that the top chart had the intersection of a primary trend line(down sloping magenta) and a secondary trendline (up sloping, thin, light blue, and curved), and that was where the rise appears to have stopped.

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