Friday, March 18, 2011
Uncle Buck: Not good
Here is a daily chart from a couple NFTRH ago, showing the dollar at a double bottom from November. If 75.63 does not ultimately hold, next stop is the low 74's and a whole bunch of bearish potential. Best for Unc to hang tough here.
It seems that the world is voting for USD's competitive basket case, the Euro. Yeh, I am sure that is going to work out well in the long run. <<--sarcasm. Gee, why do you think I am a gold bull on the big picture?