Thursday, September 9, 2010

Dollar Looks to Have Found Support at the March/April Lows

From guest blogger Chris Vermeulen.....

The US Dollar looks to have found support at the March/April lows and has put in a very solid rally. If the chart pattern is correct then it looks as though the dollar will breakout to the upside and run to $24.75 area. The relationship between the dollar and the precious metals sector is generally inverse, meaning if the dollar rallies both gold and stocks should fall.


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