Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Always a Dollar rally

Always a Dollar rally

posted on Nov 17, 2009 10:56AM

Seems we have a pattern developing, not in time, but price. It's a relatively new pattern. When the Dollar Index closes below 75, as if by magic, there follows a small Dollar rally to to get it above 75. Then over a few days it drifts lower again.

Rinse, repeat.

Now I'm wondering if the ECU manipulators use this pattern to churn some trading profits. Just make sure ECU doesn't run above ~.90 until the next Dollar rally, which affects the metals, which provides the selling pressure in ECU. Cover the shorts a few cents lower.

Rinse, repeat.

Of course the ECU pattern is inverse to the Dollar: a sharp decline, then drift back up to the ~.90 cap.

Terry

Share
New Message
Please login to post a reply