The Chart of the Day consists of four charts considering the relationship between the
BITCOIN CME FUTURES (BTC1!)
US DOLLAR CURRENCY INDEX (DXY)
SILVER FUTURES COMEX (SI1!)
GOLD FUTURES COMEX (GC1!)
****Click on the chart to enlarge****
As you can see in the above charts, when the dollar reverses direction, so have the prices of Gold and Silver.
Gold and Silver are currently quite extended and are in an area of previous resistance.
The USD is extended to the downside as well and is forming a base.
I anticipate a rise in the USD and a drop in Gold and Silver in the coming week(s).
The Klarenbach Research Telegram Group exited the Gold trades on May 26th and will likely exit the Silver trade today.
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