UUP - dollar long
The dollar chart collapsed into the 92-96 sell and then even further to 218-222 sell. The 218-222 bought back the next day and I think this should be the bottom for a few weeks. It is more probable to first touch the 16-20 echo than to exceed this low on the closing bases. If I am right this should limit the gold rise too and consequently the gold stocks.
UDN - dollar short
Sometimes it is easier to get perspective from the opposite view.
GLD
HUI
Aussie golds
So much potential.
I am 25% long and waiting for a correction.
No comments:
Post a Comment