This indicator has managed to surpass the twenty percentage level that I have been talking about, and not only has it moved above the blue line (direction from the low) but with new highs not seen since early May we are also making new fifty day highs in the forties again for the second time this year. For this pattern to show a breakout signal now it needs to have some formation to hold these gains and this isn't happening yet. It is just going up and up and up and thus if this happens then at some point you just have to say "This is a confirmed up trend, wow!" When this happens its very much a great play the first moment it breaks the resistance level and in this case it was eighteen percent and myself I like support to be found at previous resistance and that's where I would be looking to buy with this chart moving back to 18% and then going higher. With that said, this chart is useless this time other than for any other knowledge needed and its for its looks, because the breakout signal will come when this $38 area is used as support with momentum moving back higher. Again even this information is useless when you understand the entire spectrum on how currency is created and what the cause and effect is of people in mass waking up world wide. Take care and have a great day. Be back Tuesday.
If this game show idea gets popular it may become a TRADITION to watch the show :)
UPDATE 1335 EST - The dow is down over one percent with a declining five day average and silver is breaking forty and making a new two and a half month high with a rising five average. Gold is now breaking $1,600 and I think it is an understatement to state that it is holding $38.11 very well right now, but we have still yet to confirm the break above this level as of yet.