Dollar rally and stocks too, why?...
Little slow on the uptake today, and haven't really come across the reason for the dollar rally and the associated rise in general equities.
I know why Gold was down...fortunately got out of 60% or remaining GSS position and all of EGO at the opening. That along with Ivanhoe's reflex move following Friday's dump rather saved my bacon today...See some life in my energies but Crude got creamed...CRB got clocked....
Ivanhoe, I'll be surprised if $11.50 is surpassed....
stockcharts.com[l,a]dacayiay[dc][pb40!c200!i!f][vc60][iUl14!Up14,3,3!Lg!Lc9!Lf!Le12,26,9!Lb14!Lya7,14,28]&pref=G
CRB, looks like something in the mid 240s to look forward to...Momentum indicator hasn't gone negative, yet....Gold and Silver about looking the best though in Gold's case we see a turned down trend indicator....Best Gold is going to do, in my opinion, here, is go side ways under $395, holding 385....
chartingyourfutures.com
And for the dollar a smart little turn...popping out above three days' highs with indicators coming off the floor...There's going to be pressure on Gold this week...at least what there is of it...
stockcharts.com[h,a]dbcayiay[db][pb40!c200!f][vc60][iut!ul14!up14,3,3!lg!lb14!lh14,3!ll14!ld20!lya7,14,28]&pref=G
Good to see when money moved into the general market as it seemed to today that Energy seemingly got some share though it wasn't universally spread...at least not on my platter... |
