[edit] Oops, I forgot to password protect the update. So be it. Dear public, this is representative of a typical NFTRH+ update as we do in-day, in-week management of key market indications.
This morning’s update looked at the pre-market view of the Silver/Gold ratio and USD, as both were positive and the SGR was testing its highs of the 2nd hump of its double top. Here at 12:45 U.S. Eastern time, the situation is a bit different (and more toward our original short-term plan).
The SGR poked the high and recoiled. Still in a short-term double-top structure.
USD is furthering its positive stance noted in the pre-market update. If USD takes out the resistance at around 100.25 we’d be looking at the 102 area next. As long as the buck rallies many markets should be under pressure. Especially if the chart above breaks down further.
If the Q4 party is going to get started, USD will likely have to play the dupe and fail eventually. I am still holding on to my hedges (JDST & SPXS), and still short the Euro (a pro-USD position).
