Dollar Decline Dominates the Market

Ten Dollars may become Five Dollars - That is the Issue

Dollar Chart shows the progressive decline in the value of the US Dollar - When the Dollar goes down in value, the price of commodities goes up.  Commodity related stocks in turn go up in value.  The Market as we see it today is built on Sand.

Today's Action - Gap Up into resistance (green line). A principle of trading is "If you keep knocking, you will break through."  Well, we will see.  Tomorrow is another day.

20 Day, 1 Hour - Dec. 1 - Range Bound market for the last two weeks.  The Market is at Resistance.  Breaking Through is the Mystery of the Evening.

The Gold Bugs are in 7th. Heaven

Flight to Safety May Have It's Limits!

Gold has been a  big winner in the market.  There are limited ways to spend it, it pays no dividends, and it costs money to store it and haul it around.  Sooner of later this Gold Rush will run out of gas.