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cbwang888 (25.95)

Forget USD index if you long PM & commodities

Recs

9

December 28, 2010 – Comments (3) | RELATED TICKERS: GLD , SLV , UUP

 

USD index contains 2 sucker  currencies : EUR and GBP

 

Aussie and Canadian dollar are better indicators:

 

 

 

3 Comments – Post Your Own

#1) On December 28, 2010 at 12:24 PM, cbwang888 (25.95) wrote:

 

CNBC has no clue and  here the headline goes

Gold Climbs Above $1,400 as Dollar Sinks

USD index cut its loss as EUR sink. Gold and silver are holding up their gains even when USD index cuts its loss from -0.6% to -0.02%...

 

 

 

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#2) On December 28, 2010 at 7:54 PM, cbwang888 (25.95) wrote:

Well, they change the article title after the market close. It becomes:

 Gold Rises, Settles Above $1,405 in Thin Trading


 

 

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#3) On December 29, 2010 at 6:19 PM, rfaramir (29.32) wrote:

It was actually above 1411 spot. The 1405 number is February futures.

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