RE:RE:RE:RE:RE:RE:Market forecasts. touareg,
I think that the US Treasury and FED want a weaker dollar, which is contrary to what many gold bulls believe.
That would help manufacturing and exports as you note.
Some think that our government is suppressing gold to boost the USD.
I don't think they care about gold and might even welcome higher gold since they want higher price inflation and gold would reflect that.
They openly admit this with their 2% price inflation target.
I see the USD rally as reaction to QE-3 ending and Euro QE starting up and Japan QE continuing.
USD market expects higher interest rates and no new QE.
Both of those assumptions may turn out to be wrong.
As Pento asserts there is a lot of pain in Japan's middle class.
This may create political opposition to the current course.
Central Bank and Treasury there may not be able to continue the current reckless policy.
If this is so and the market starts to see it, the air will come out of the USD.
I may be wrong, but still think the odds favor this being a blow-off top in USD.
It may take some time for the top to form but I doubt USD will significantly surpass the recent peak.
https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=0&mn=3&dy=0&id=p74785581830
goldguy