You are not tracking zentrader.
05-Jan-09
Dollar at Crossroads
While I think the dollar is heading down longer term you’re guess is as good as mine in the short term. What I do know is that it’s at RSI trendline resistance right now and it’s either going to bust through it (which would be bad for gold) or it’s going to reverse off of it and collapse.
The 50 RSI value is significant and it closed just a hair above it. If it can hold then I’d say the chances of the dollar rallying further are better than average, which would pressure gold in the short term.
Posted at 21:08 in External Blog | Permalink | Top
FDA Watchlist: Upda...
Updates for: Thoratec Corporation (NASDAQ:THOR), IVAX Diagno...
StocksHaven
Abbott Labs (ABT) D...
Abbott Laboratories engages in the discovery, development, ...
sagitarius_d
Nike Basketball 200...
In the hyper-masculine sneaker world, it’s sometimes easy to...
yadianna
New Purchase
Purchased shares of Loews Corp. today following their earnin...
briskycapital
Categories
Holding Tags
Other Stock Tags
0 Comments on "Dollar at Crossroads"
You must be logged in to post a comment.
Top