*This is a weekly chart of the U.S. Dollar Index (DXYO) dating back to 2002. With horizontal lines I have identified the support breaks that lead to the conclusion of each of gold's past 5 C waves (identified with a green arrow and its date). *A couple of these breaks sent the dollar lower for 4 weeks, a couple sent the dollar lower for 6 weeks, and one for about 8 weeks.*Click on the chart to ENLARGE*Today we find the US Dollar on the precipice of another support break that I expect will propel gold to the conclusion of the current C wave. *The dollar has been declining steadily for the past 10 weeks (since January 1) despite incredible world turmoil, the Japanese situation being the most recent. I have no doubt the trend line currently supporting the dollar will be broken soon and the conclusion of the C wave will begin.
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