Saturday, October 13, 2012

After predicting the current low a few months ago, my US Dollar Index chart is showing a high coming for January, which means that Gold should go down into that time. The forecast for the HUI gold bugs index to peak in January is therefore now in doubt, even though the trend on HUI looks to still be there, however further work on the actual Gold bullion chart is showing agreement now with the HUI and Nugt charts for a high in January.