Wednesday, January 21, 2009

US Dollar - Bearish Engulfing? DXY, GDX, GDL, HUI, XAU, AUY, SLW, SST.v, TNR.v, OK.v, MGN.

Green fellow was celebrating Obama's Change yesterday with us. Today hang over is showing its stance on the chart. Levitation of USD is very expensive for economy. Sell off in banks could retest animportant low in general market, Gold is holding at MA200, Treasuries are selling off. Dive below MA50 in USD will make fireworks in Gold and market will rally. Trigger could be Treasury confirmation and new bailouts for banking system.
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