Friday, December 28, 2007

Gold vs U.S. dollar

Gold & U.S. Dollar

Cyclic Opposition

We view the shorter daily cycle on the streetTRACKS Gold Shares (NYSE-GLD) ETF plotted above the daily cycle of the U.S. Dollar Index.

Note the current cyclic opposition - We now have a buy/gold sell/Dollar condition that could persist through mid January 2008

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