Friday, September 22, 2006

USD Chart & Commentary


Comments: After reviewing the USD Chart overnight, I shifted to short term bullish on gold. A little plunge in the USD resulted in an RSI uptrend break, which has bearish implications for the USD and bullish implications for Gold. The problem is that the general market is also looking vulnerable as I previously mentioned, and that may create a headwind for Gold stocks for the time being.

Sentiment: Short Term Bullish

PM Portfolio Exposure: 92% + 4% short S&P500

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