You could hear the drums and bugles? You could hear the flutes? You could hear the gold bug generals leading the charge up the hill? You could hear the sound of machine gun fire from that nest over there populated by evil manipulators and other enemies of the 'gold community'?No, what you heard was the dollar simply not being finished with its pump, as was speculated would be the case on the USD charts lower on this page.
Here is an intraday USD proxy of the etf UUP. We are just about there. We are just about to the point where the dollar is expected to drop in the next leg down toward an eventual low 70's target (favored scenario) or prove our working plan wrong and make new highs (definitely unfavored scenario).
Keep emotion out of it.
