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Not surprised to see a dollar reflex rally and the Dow up after...

  1. Bull#1
    195 Posts.
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    29/03/17
    08:55
    Post #: 23695152
    Not surprised to see a dollar reflex rally and the Dow up after 8 straight down days. I will still accumulate slowly. I think the dollar index goes back to maybe 102 meaning some downside for gold stocks.

    My worst case scenario is that the dollar index bottomed a day ago at the 98.8 level and we are now entering a 5th Elliot wave. In this scenario gold stocks get belted revisiting the December lows. I will be prepared for this scenario but I view it as unlikely. Just letting everyone know what my cracked crystal ball thoughts are GLTAH
    BDR Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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