The Periodical: 11th February 2022
Equity and Crypto phasing clarity? Gold and Silver build momentum and the Dollar Index pushed back from the 18 month nominal peak.
Chart of the Week: Gold
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F24632530-07a9-492a-983b-310bd7e720ad_2190x1035.jpeg)
Round Up
This week saw some fairly solid confirmations of 80 day nominal lows in both equity indices and cryptocurrency, the latter of which led the pack and helped us somewhat resolve a 20 day margin of error in both. Subsequent to the excellent short opportunity in late January we had been questioning the phasing of the most recent 20 day nominal low. That has likely been resolved to a low of at least 80 day magnitude, although absolute confirmation is really only established with an interaction with the 80 day FLD. Both categories have now recently formed 20 day nominal peaks with varying degrees of amplitude modulation. The position of the 40 week low is more under question in crypto so the move to the 40 day nominal low, expected at the end of February, will be telling.
In precious metals both Gold and Silver have…