Loading ...After the report the $ rose 1000bps from its low to its high–now it’s down 211 bps–so from the high it has given up 700 and change bps…and that’s a big deal!
The gold action looks like the usual crud…but that gold is green at all is a change of pattern
I would sell my long NUGT position-at a small profit- now for lunch money…but because of the $ action, I’ll carry it over the weekend–cause it looks like U.S. stocks are in trouble and there is lots of “worry” dialogue out there in Radio Land…which could mean that problems that “didn’t matter” may suddenly start to matter…setting all those considerations aside, gold is still very o.s. and is entitled to some more of what is a pretty pathetic stability and across the page action. I see dec gold kissed 1099 and swooned…
http://futures.tradingcharts.com/marketquotes/DX.html
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