Don't Shortchange Gold
It's often been said that, if you get the dollar right, you can get a lot of things right. Due to the interconnected nature of our markets, you can anticipate moves in equities, bonds and commodities, as well as other currencies, by keeping a close eye on the dollar index.
Last month I wrote about the dollar's break beneath its 200-day moving average. At the time, I advised against chasing the short, and instead recommended that traders sell rallies in the dollar index. The greenback was close to support and due for an oversold bounce. Given a choice of shorting at fresh lows or shorting into strength, I'll take the latter....410 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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