The Art Of Misdirection

I suggested that the U.S. dollar Index, UUP (ETF), had incurred significant, largely unrecognized technical damage in September 2010 (see comments). Yet, despite definable technical setup, investors have been increasingly bombarded by headlines and experts for reasons ranging from acceleration in growth to a reduction in economic uncertainty that gold and the dollar were a sell and buy, respectively. Four months later, the U.S. dollar remains only a few ticks above the 2009 low while the public has been scared out of gold.

U.S. Dollar Index UUP:


Ever wonder how connected money eases into gold without attracting much attention? Houdini could make an elephant disappear in crowded room because he was a master of misdirection.

Gold London P.M Fixed And Gold Diffusion Index (DI):