Wednesday, June 15, 2011

Gold Dollar Bonds CCI

Gold continues in a strong steady uptrend above the 50dma (i'm not trading this)

Miners don't look so good, they sell off with the stock market but get cheaper in valuation as gold continues to rise. 

Dollar makes a lower high is above the 50dma which by the way is still showing a downward slope.

After the May sell off which brought it to test the 150dma seems to be stuck under the 50 in  a sideways consolidation. 

Notice the multiple tops. Maybe this market is now signaling stimulus!


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