After getting whipsawed back and forth over that big neckline, that I’ve shown on the dollar, it looks like the pattern is finally showing itself. Below is a 9 nine month daily chart of the US Dollar that is showing a mature looking H&S top. This chart doesn’t reflect today’s action as the dollar is down again today to 78.34 which would put it below the neckline. This is the best case scenario we could ask for in regards to the precious metals complex. The stars are lining up for a good move in the metals and PM stocks.

US Dollar H&S top in place.