The dollar is back under 80 again, the Euro is pushing up against it's trendline. I continue to see the Euro strengthen nearterm and the dollar weaken. Gold, Silver,, metals & commods are up. Oil is back over $80 per barrel. Again as I've been repeatedly saying...we need the $SPX to hold over 1150..at least this week to give this current leg up some needed support. Headlines today...Growing Chinese/US tensions...Google, Trade Protection, Revaluation of Yuan, not being handled well.
Although further currency debasement could help support higher gold prices...read more