Tuesday, August 4, 2009
Update: US DOLLAR & GOLD
Yamana Gold ($AUY) one of my suggested gold stocks, reports earnings after the close today and is currently trading at $9.90 +2.4% for the day. I suggested this gold stock back in July around $8.50 [+16.5%]. Below is a chart of the US Dollar, Swiss franc, the S&P500 & $GOLD. The Dollars decline since March has seen gold consolidate while the S&P 500 rise 50% from is March lows. It looks like several resistance & support levels are set to be surpassed!
*click on chart to expand image