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

To: GROUND ZERO™ who wrote (40248)	11/12/2012 12:04:28 PM
From: Keith Feral	Read Replies (1) \| Respond to of 221328

I'm much less bullish on the dollar this week, but even a sideways move for the dollar could be disruptive for gold or silver. Who knows, I just think the downside for gold is equal to the downside for the S & P at any point in time. Last November, Gold slipped from 173 to 163 around this time of November. It could easily retest 162 or 157 near term - no reason why it can't move lower. Usually, I see a strong move in gold correlated to an increase in volatility aurrounding the VIX, which has now moved back from 19 to 16.