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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (4665)1/9/2004 5:12:25 PM
From: mishedlo  Read Replies (1) of 110194
 
US$
safehaven.com

For now though, the oversold dollar levels and overbought gold levels in Relativity terms are troubling. The US Dollar Index really looks like a major countertrend rally is imminent and due. And if a bear-market rally in the dollar launches, for any reason, odds are that gold is going to get hit over the short-term. Get ready!

The contrarian bet today is not to run with the popular short-term media prognostications of dollar doom, but to anticipate a near-term countertrend 200dma convergence for the mighty US dollar.
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