faramir Posted November 22, 2004 Report Share Posted November 22, 2004 Looking back isn't the 83.00 area at least an area of minor support for the USD. Could we see a rally back to 85.00 in the next few days? Are we slightly overbought here with the gold price too? Pullback to the 420s or 430s? Talking short term of course. 480 to 500 for February. Link to comment Share on other sites More sharing options...
traderfromhell Posted November 23, 2004 Report Share Posted November 23, 2004 Yes on all counts. Link to comment Share on other sites More sharing options...
traderfromhell Posted November 24, 2004 Report Share Posted November 24, 2004 Dollar close to 82.29 this morning. Link to comment Share on other sites More sharing options...
faramir Posted November 25, 2004 Author Report Share Posted November 25, 2004 Yes on all counts. <{POST_SNAPBACK}> I see that. I wonder if this weeks savagery against the US dollar can be attributed to Greenspan slaying the greenback last Friday? Link to comment Share on other sites More sharing options...
plantigrade Posted November 28, 2004 Report Share Posted November 28, 2004 A counterargument: USD resistance ? The USD seems to have broken down, back in its downward channel, making the 2004 breakout, associated with the "synthetic short" dollar theories, a false breakout, reflecting a different mechanism at work in the market, especially a state manipulation before the US elections. Now, unless central bank intervene significantly, perhaps helped by a short-squeeze, to propel the USD through resistance again, its rebound potential seems limited to a little month and about 83.5 of USDI. This might give the PM "commercial" shorts just the time to whack Gold, Silver, and HUI, back to their support or retracement (the HUI especially if there is a general equities fall), but for a short period of less than a month. Link to comment Share on other sites More sharing options...
Keynesgonewild! Posted November 28, 2004 Report Share Posted November 28, 2004 I agree with what you all are saying.... it makes sense that there will be a pullback after this fairly amazing rally. As much as I agree with all of your posts on this thread, I may keep my metals positions rather than risk losing out on a $50.00 up day in gold. Link to comment Share on other sites More sharing options...
traderfromhell Posted November 30, 2004 Report Share Posted November 30, 2004 An ABC down in the Dollar would project down to the 40 level. Ouch. Link to comment Share on other sites More sharing options...
plantigrade Posted November 30, 2004 Report Share Posted November 30, 2004 An ABC down in the Dollar would project down to the 40 level. Ouch. <{POST_SNAPBACK}> Depends of where the B will be Link to comment Share on other sites More sharing options...
traderfromhell Posted November 30, 2004 Report Share Posted November 30, 2004 An ABC down in the Dollar would project down to the 40 level. Ouch. <{POST_SNAPBACK}> Depends of where the B will be <{POST_SNAPBACK}> 165-80-120-40ish. Look like the Buck might have split the differnce 83-80 and bottomed at 81.50. We'll see. Link to comment Share on other sites More sharing options...
traderfromhell Posted December 3, 2004 Report Share Posted December 3, 2004 I smell a bottom. Link to comment Share on other sites More sharing options...
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