It's great to see gold and silver take off but did you see the US dollar break the support line started since Oct.In the grand scheme of things the dollar move is huge, hope it closes below the trendline
Sorry, but which currency are you tracking the US Dollar against at $82? I would appreciate the symbol to check against. I looked against Euro and Yen and could not see the support lines that you and others are referring to.
USDX - US dollar index.US vs a basket of currencies where Euro plays the biggest part
Its the US dollar index. Go to www.stockcharts.com and type in $USD in the symbol section then hit go.The USD dollar index is best to follow since it is the weighted average of USD as it relates to 5 to 6 currencies.Hope that helps
I've got 82 (maybe this week?) as my mental celebratory mark.
That would be special indeed. It seems to be floundering at the 86 mark and getting ready for another thrust down.But who knows, it could make an attempt back up to 87. The trajectory, and it languishing around the 86 mark suggests things do not look good for it.