The only constant in the market (any market) is emotion. Specifically, fear; fear of losing and fear of missing out (greed). Repetitive market patterns that are connected in some way to human emotions are the best chance we have of understanding the present and, perhaps, improving our predictions of the future. Last month, we surveyed the gold market and reported on several historical patterns that we believe are a result of trader sentiment and which are in the process of replicating.
Gold and the Dollar
Gold has a strong inverse-correlation with the dollar. There is