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Tuesday, November 03, 2009
Beware of a new dollar collapse
 
Today's US Dollar price action broke out to the UPSIDE huge and washed out all the stops, then in the final hour collapsed back below the trend line, this action is very negative from a technical standpoint, this could lead to a substantial leg down. BUY GOLD!! The dollar action could lead to a surge to $1,250.00-$1,300.00 very rapidly. Keep in mind gold surged up while the dollar was also surging up today, one is a bull trap it appears based on the dollars late collapse that the dollars move was the trap.

JMC
 
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