Week of 1/18/14

Tom McClellan had an interesting article on Gold verses the Euro, I can recall a point in the previous rally up to the 2011 high to where the fall in the Euro currency drove Gold Prices up because of the Fear in declining value of the currency and the collapse of the Euro-zone. Maybe that's returning. Steve Seville also had an recent newsletter covering the exact same train of thought as Mr. McClellan.

http://www.mcoscillator.com/learning_center/weekly_chart/gold_breaks_downtrend_sort_of1/?utm_source=McClellan+Chart+In+Focus+-&utm_campaign=01c05b69a4-CIF_Gold_Breaks_Downtrend_Sort_Of1_16_2014&utm_medium=email&utm_term=0_9e79f8200f-01c05b69a4-131989602

In Steve Seville 's newsletter he said that it was his opinion that Gold would test the 200 week moving average this year and then retreat. (1 st wave ?).
 The Us dollar is bullish and is retesting the Nov. 2013 High.

click to enlarge