Dear Friends,

It is graduation time for all those who have applied themselves.

The answer to understanding markets is always a combination of indicators, systems, disciplines and experience.

Today things are more difficult because whatever you are doing from investment, trading or corporate management is akin to swimming in a sea of organized crime in which the police are compromised.

Alf has the prices nailed.

Armstrong has the Business Sentiment correct.

The primary criterion for dollar strength/weakness is Business Sentiment concerning the USA.

The primary criterion for the gold price is the US dollar in the inverse.

With relationships understood, next you have the means of controlling decisions.

The means of controlling decision-making is the basic TA I have taught you on this site. This was given to you so that you might enjoy and prosper in major moves.

Yesterday’s email to you drew attention to the relationships. Now handle the information market-wise by using your basic TA tools.

Respectfully yours,
Jim