Tuesday, April 26, 2011

Broad Dollar Index at a 16 Year Low; USDX at a 32 month Low


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2 comments:

  1. MarkApril 27, 2011 at 6:51 AM

    Tough to say which is going down faster:

    The USDX, or....

    The GDX/GLD and SIL/SLV

    Once again, everyone is deathly afraid of a huge dollar rally after the FOMC, so they are selling or shorting resource stocks in droves.

    ReplyDelete
  2. MarkApril 27, 2011 at 8:00 AM

    Hey Dan, they are flash crashing the OIH, XLE, GDX, etc. today in an attempt to U-Turn the USDX and the Forex Algo programs before "The King's Speech"....

    LOL......

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