Monday, November 23, 2009

DOLLAR DESPERATE AT 150 ON EURO...

THERE SEEMS TO BE SOME DESPERATION SETTING IN ABOUT HOLDING THE DOLLAR UNDER 150 ON THE EURO...

EVEN AS THE MARKET HAS "DISTRIBUTED" FOR THE LAST TWO WEEKS...ON LOW VOLUME...

THE DOLLAR IS HOLDING FROZEN AT JUST BELOW 150 ON THE EURO... THAT LEVEL SEEMS TO BE A LINE IN THE SAND FOR MANY PEOPLE...

ANY BREAK ABOVE 150 ON THE EURO...COULD SET OFF ANOTHER WAVE OF DOLLAR SELLING... NEXT STOP 175...? HEADING FOR 200....

GOLD COULD BLOW THROUGH 1500 AND NOT WORK UP A SWEAT...