Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Jan 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (6014)	6/22/2010 7:57:32 AM
From: rubbersoul	1 Recommendation Read Replies (1) of 221579

<the USD appears to be primed for yet another launch> I agree. I started raising cash Friday afternoon selling some PM stocks and went flat yesterday before lunch (I posted my moves and thinking on a precious metals board). The USD looked like it was ST oversold (but not so on the weekly), big miners looked tired and overbought, and I was wary of gold and silver getting whacked as we neared gold OPEX (June 24). Also, I know you don't pay much attention to volume but miners were back up to May highs on half the volume. Another reason I got cautious was that we have Fed Speak this Wednesday.

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