cad, oil, gold and stocks

note - click the chart to have a clear view if too small.


cad
cad chart indicates if it falls through the falling slope, the drop will be drastic, it already fell through the multitop formation and pierced the horizontal neckline of 1.08 thus it will achieve at least 0.86 but not without struggles.

oil and gold
since cad is associated with oil and partially gold, likely oil will really hit new high faster than we might think as gold has broken the 990 neckline not long ago.

usd
if usd is falling so fast, it is not impossible to imagine oil may soon be based otherwise than usd as it is already heard on the street news that opec may be thinking of using gold, rmb, jpy and eur as the basis for pricing, how that can be done is anybody's guess. should this be true, then we may have too much usd in circulation and too little of jpy, eur and gold which means a huge appreciation in the pipeline.

stocks
us stocks that have very heavy overseas sales exposure will rise like a rocket. emerging markets will shoot up as well since investors will chase after promising non-usd assets.