ABX - Tale of Two Currencies

• The $USD has surged on safe haven buying, but it did take a breather lasty week
• The more "risky" $CDW has been crushed in the last several weeks.
• Because of high currency volatility, companies dually listed on US and CAD exchanges tell a different story when charted, which makes technical analysis more difficult. 
• One thing to note is that overall the Gold miners did suffer severe technical damage last week. The $XAU and $HUI have reversed and both are oversold. ABX has not reversed it's trend yet, but it is on the edge - the same goes for Gold.
• Expect an oversold bounce this week, and be on alert.

ABX Breakout on Weekly Charts is Confirmed

• next stop is the 2008 highs ... after it breaks through the 2008 highs, the sky is the limit

ABX Bounces off Gap and Broken Resistance Trend Line Support

ABX Pullback Targets

Gold, Silver, and Miners Break Away

ilver and the miners are all breaking out with force. This would imply (hyper)inflation is being priced in (because of the EU bailout package). The miners have some catching up to do ...

UUP ($USD) is Surging

ABX Breaks Out on Weekly Charts

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• on a weekly closing basis, ABX has broken out and has surpassed Nov's high

Global Currency Collapse History Lessons

1998 Russian Financial Crisis
1997 Asian Financial Crisis

This time it has been the USD followed by the Euro ...

ABX Holds During Global Sell Off

GLD Breakout on the Weekly Charts

MFI Bearish Divergence for GLD

• GLD is at resistance - top of the channel + previous high

Global Markets Crash - USD and Gold are surviving Asset Classes