Today may have signaled the end of the nearly year long rally in the USD and the beginning of its end. Several key indicators were signaled with the 1.45 drop in the index including:

• break below the 200 dma for the first time since last August
• break below the 10-month long uptrend line
• break below the most recent low of 82.63 set in March
• concluding H&S formation

In spite of this, gold was only up $6 for the day so I would expect some large gains for next week beginning in Asia on Sunday night. Gold will not be denied and +$1000 is now with reach.

Thanks Sketch

RUF