It's All In The Dollar

TYHEE GOLD CORP

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striketheroot2

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It's All In The Dollar

posted on May 08, 2009 09:04AM

While I don't see many charts posted on this site, I strongly urge you to take a moment to open this link and qualitatively follow along:

http://stockcharts.com/h-sc/ui?s=$US...

The period of interest on the chart is March 2008 to present. Note that the string of higher highs - 80.38, 87.88, 88.46, 89.62 - was broken at 86.87; the series of higher lows - 70.70, 75.89, 77.69, 82.63 - is being threatened. Not shown on the chart (which is updated daily) is the current value of 83.12.

Should we break that 82.63 level, a critical level will be the 50% retracement of the entire move from March '08 to March '09, which is 80.16. If we breech this, the dollar will tumble and gold will be on its way to 1200+ (at least) and Tyhee back above 0.40, maybe more like 0.80. JMHO. DYODD.