The Dollar Index didn’t so much impale the 103.11 midpoint resistance last week as overwhelm it. This shortens the odds of DXY’s achieving our 106.06 target (slightly revised) over the next 3–4 months. It is encouraging to see gold performing so well despite the pressure of a strong dollar, but also scary to imagine the implications this might hold for so deeply troubled a geopolitical world. A clear implication is that Treasury bonds and notes, not wildly popular lately, continue to be a promising place to secure one’s savings. ______ UPDATE (Oct 27): Last week’s steep rally pushed the Dollar Index toward the 106.06 target much more quickly than I might have expected. If bulls exceed it easily, you can be sure that a test of two important peaks near 107 that were recorded in the past year near is coming.