BML 3.33% 8.7¢ boab metals limited

King USD cycle is dying - time to load up on metals exposures

  1. 9,779 Posts.
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    So - to more fully explain those charts i pointed to last night

    the EURO/USD cross has now started a super bullish looking move

    https://hotcopper.com.au/data/attachments/2303/2303557-79fb244c9cd339ba47f4723cdb1072a4.jpg


    EURO/USD is 57% weighting of the overall USD index

    which as i said previously, had formed a 'h' waterfall pattern that in my experience continues much lower

    first technical target is 94 (where blue arrow is pointing)

    ultimately its going to 80 if not lower imo - and quite likely at a fairly rapid pace given the head and shoulder

    https://hotcopper.com.au/data/attachments/2303/2303574-9c018e39850d5dcb48d1b8cc7f55b836.jpg


    so finally - while it still needs to be confirmed on weeklies - the King USD pressure lid thats been suppressing USD gold, silver, lead, zinc etc prices is gradually lifting

    this clears the way for the next economic cycle - which commodities typically lead out

    expect increasingly big positioning flows into precious and base metals stocks from here - with the "boom" event being when and if Euro/USD crosses above ~116 and breaks above that falling high resistance trendline

    EURO/USD is within an ace of golden crossing - where 50day MA moves above 200day MA.


 
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