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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: steve from ihub who wrote (39702)11/2/2012 9:38:01 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218821
 
I agree on both points, although stocks and the U.S. Dollar don't have to move contrary to each other... it depends on the global economic situation... a weaker dollar has been positive for stocks in recent years, but there are times in the past when both stocks and the dollar moved higher together... I think this will become one of those times... and if so, then I think gold and silver could suffer...

GZ



To: steve from ihub who wrote (39702)11/2/2012 10:02:06 AM
From: GROUND ZERO™  Respond to of 218821
 
Longer term, looking at the weekly gold chart, we could even see gold in the low 1500's before a meaningful bottom is made, especially if the dollar keeps moving higher... I'm not suggesting we'll see it down there, but if gold did continue lower, then the low 1500's should be solid support... just sayin'...

GZ


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