Monday, November 9, 2009

Euro Going Higher, Gold Continues to Rise, Oil Set to Rally Target $110

The Dollar is now at 15 month low while the Euro ($XEU) is back up against that 150 level. A break higher could see the dollar plunge sending gold to $1200. Oil is the next set to rally too, since is lags gold by several weeks, look for it to hit $95 by the new year. My suggest play there is Transocean (RIG)
*click chart to expand image

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