Dollar Breaks 93, How Low Will It Go?

Gold's Move Today

Is there a channel in gold that no one can see? I love this chart from Jess's Cafe:

A Post For Men

Are you a man? What does it even mean?

Is Russia Collapsing?

Low oil prices can't help but where's all the money coming from?

Russian Energy Tycoon Spends $1 Billion On Son's Wedding; Locals Dub It "Feast In A Time Of Plague"

The son of Russian billionaire Mikhail Gutseriev got married this past weekend in what Russian media has been calling, "the most expensive wedding ever", but not everyonewas impressed by the gaudy spectacle: the wedding was branded ‘a feast in a time of plague’. Commenter Marina Baryshnikova complained: ‘It would have been better if they helped those in need, the country is collapsing, there are no jobs, people are poor. This is a feast at a time of plague.’

Obama - Fais Attention!!

If Obama could ever put his rod down smashing his balls all over the universe while we watch in horror, he might see the following:

From Zerohedge (of which I am still delightfully banned; for if one never gets banned from something in their life, they haven't spoken their mind, if they have one).

Attention President Obama: One Third Of U.S. Households Can No Longer Afford Food, Rent And Transportation

While the median income had fallen by 13% from 2004 levels over the next decade, expenditures had increased by nearly 14%. But nobody was more impacted than the one-third of households which the study defines as "low-income." Pew finds that while all households had less slack in their budgets in 2014 than in 2004, lower-income households went into the red by over $2,300. In other words, approximately one third of American households were no longer ablv to cover the core necessities - food, housing and transportation - with average income.  

 Read the rest here.

China and Silver - A Game Changer?

China is now involved in the "fixing" of silver. For better or worse, you decide. Rather, the charts will....

From Zerohedge:

China Is Now In Control Of Global Silver Prices

Submitted by Dave Forrest via OilPrice.com,

China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important precious metals markets. That’s the London Bullion Market silver price. Where one of China’s largest banks just became a member of an elite group of players that controls fluctuations in this key metal.

DUST and Gold Correction Update

As well we see that even though we saw some action in gold and silver today they basically ended up where they started overnight (no charts). This is the indecisive action I was expecting to see. We also see today that a potential bearish evening doji star has formed on the GDX though we don't see it on the HUI. And then the GDX has clearly ascended rapidly which should be cause for concern and the MACD at the bottom of the chart is threatening to rollover.

As far as DUST is concerned, perhaps you can appreciate my note on the chart from 2-19-2016 that this period will require conviction. Conviction of belief and skill belaying your fears. To me the GDX and DUST charts are the mirror opposite of each other and both are due for a harmonious re-balancing with their moving day averages. Such is the dance. Now you'll notice with DUST that the prior saucer shaped low took about two weeks to fully form and round up. Should that replay for us than we are looking at this move culminating towards the middle or end of next week. You can also see that the RSI has been "riding the bottom" for a while and the MACD is about to make a turn. Let's see if belief, conviction and self-study are properly being monetized. Monetize your own knowledge!!

I think the after this trade the one thing I will have learned the most is that I probably got into this trade a little early. However, being early I can also add. And adding goes both ways when all is said and done ;)