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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (12064)	3/10/2015 7:00:02 PM
From: Goose94	Read Replies (1) of 203397

Impact of a strong US dollar cannot be underestimated The effect and impact of a strong US dollar cannot be underestimated. Today we saw the US dollar climbed to a 12 year high. This move dramatically affected the US equities markets which gave up almost 300 points today, negating all of the gains of 2015. When we look at the US dollars impact on gold, we see a proverbial salmon swimming upstream. Believe it or not gold traded roughly $5.30 higher today based upon normal trading. When we add in dollar strength we need to subtract over $11 on the day. The net effect of course was gold trading approximately six dollars lower today. We have seen a dramatic decline in gold prices over the last three weeks. This most recent move in which we saw gold prices once again test the lows, this time trading to an intraday low of 1155. There’s no doubt the current pressure favors the bears, as I do believe we could see lower pricing in gold ahead. This brings us to our current trade recommendation which we will detail in proper action. Today’s video report will detail our current trade alert. Unlike past alerts in which we either bought or sold at the market, this strategy is only implemented when defined parameters are met. We are recommending that you sell gold if we see prices break below identified and critical levels of support. Therefore sell gold on a break below 1158- 1154. Place protective stop above 1165. Wishing you, as always, good trading, Gary Wagner

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