Thursday, June 26, 2008
Monday, June 23, 2008
Some doubt sorounding the coming FOMC meeting. I think they will keep policy the same with a more hawkish stance on inflation. This will help the dollar, but provides a good place to short it on rising Middle East tensions and political gridlock in Washington.
Sunday, June 22, 2008
I have been jumping up and down on this blog all year about the dereliction of the politicians in Washington. Now gold has soared to nearly 1070 an once. This area is going to be key:
As we can see by the chart 1124 will be the next target if 1070 clears and holds. I will be watching this level and many other factors like oil, earnings and any major fundamental events that might develop. Right now the dollar is being dumped and that’s the fact we all have to live with.
- ► 2009 (19)
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