Oh I agree but don't be surprised if the 5th wave trades flat. It is possible. I would like to see gold's price deteriorate to about 350-380, but I'll take a technical bounce if it is a low risk play. Miners were very oversold IMO and the USD was Overbought. It was a brilliant opportunity to profit on a reversal. I think the destabilization of the EU is enough to run Europeans into commodities and the US Markets help fuel this rally and the Dollar like squ1dk1d projected and fuel the inflationary fires for another few months. Ahhh let's not forget the rate increases. We could get at least 50 to 75 basic points depending on how much fear they put into EU holders.
So how many countries do you think are ditching Euros out of their reserves right now as a bottom in the USD is firmly in place for at least the next 6 months?