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S&P 500
5,308.13
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0.09%
)
US TECH 100
18,182.00
(
0.62%
)
Dow Jones
39,806.77
(
-0.49%
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Brent Oil
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-0.57%
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Post# of 19037
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Frank Pembleton

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Frank Pembleton

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Re: ItsAllCyclical post# 18901

Friday, 05/08/2009 3:23:45 PM

Friday, May 08, 2009 3:23:45 PM

Post# of 19037
agreed... the KBE index is somehow still putting pressure on the gold index. The currency markets have broken out, or down depending on your perspective.

Btw, I'm surprised that your selling down your position in gold - short term indicators show it to be overbought, but... it has to potential of being extremely overbought if there was ever any kind of volume involved...US$ chart looks especially bad with a strengthening down trend.


FP........................................................

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