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Sunday, September 4, 2011

The following table includes the correlation between gold and the most popular currency pairs over various timeframes. A value close to +1 indicates a strong positive relationship between gold and the pair, while a value close to -1 indicates a strong negative relationship. Colored values indicate week-to-week changes of over 30%.
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Gold USD/CAD AUD/USD NZD/USD EUR/USD GBP/USD USD/JPY USD/CHF

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Last week’s review of the macro market indicators looked like the unofficial last week of Summer would bring Gold ($GLD) to bounce around in its uptrend while Crude Oil ($USO) slowed at resistance and turned lower. The US Dollar Index ($UUP) seemed content to move sideways while US Treasuries ($TLT) were biased lower. The Shanghai Composite ($SSEC) and Emerging Markets…

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Bearish Setup

by Trader Craig on September 4, 2011

in Stocks, Technical Analysis

Friday’s low close below resistance in the Qs sets the stage for lower prices next week.  The Qs reversed to close below the June low at 53.28 and also below the 2007 high of 55.07 after hitting resistance at the 50ma. Movement below Friday’s low would be a valid short signal.  However, the daily MACD is still positive and there…

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Recently, a parade of bad economic news has sent stock prices on a roller coaster ride from hell. Meanwhile, Europe’s financial system is coming apart at the seams. And inflation and stubbornly high unemployment are squeezing America’s middle class mercilessly.
But there ARE places you can make money in this market. In fact, there are investments you can use to

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The month of August typically produces low market participation rates as many trading desks close for the summer months. Volatility may increase as the global economy teeters amid renewed fears of recession. Tensions in Europe are flaring up as a European envoy to Greece left the country after being dismissed when further austerity measures were suggested. In the United States, …

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