Tuesday, September 15, 2009

ITZ PIX Update: Dollar Continues Decline

Bernanke says recession 'very likely over,' but unemployment pain will linger, dollar plunged as investors exited it as a safe haven. The US Dollar ($USD) may find some support at the 76 level nearterm, I see it putting in a technical bounce there. But this rally in stocks & commodities is being driven mainly by 2 things- lower dollar & those chasing the rally. Buy the dips still holds. The Itz Pix portfolio has been reflecting the lower dollar & higher commodities move.

*click on chart to expand image

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