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Message: US Dollar Strength - Key Resistance Level

US Dollar Strength - Key Resistance Level

posted on Oct 21, 2008 08:40AM

Today's surge to 84.20 puts us a critical resistance from 2005 highs to 2008 lows. Momentum indicators continue to look overbought, but the Fed has alot of ammo these days. It is technically important this level to the upside is not breached decisively or the 90's are in the sites.

If the dollar gets back into the 90's, my gold portfolio should be worth a six pack. I will be glad to share it with 5 others who have on their member jackets.

SilverNut


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