Friday, April 29, 2011

Dollar Index (Update)

USD continues to slide this morning and its getting dangerously close to where the government is going to do or say something to defend that 72 level you see on the left. This will be a cue for all to get out of the metals (temporarily). And do not think this is a coincidence but we have the bogus jobs report due next Friday and metals sell-off right before that announcement. They will most likely manufacture a report showing some sort of improvement in the labor markets, the dollar will rebound (probably to the 75 level) and metals will sell-off over the next few trading sessions. Mind your wallets, you have been alerted!













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