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Re: shankapotamus post# 74

Thursday, 05/05/2011 11:00:52 AM

Thursday, May 05, 2011 11:00:52 AM

Post# of 413
This is a difficult call. Choppy Forex trading all week, with Asia out of the markets, a gap up this morning in the DXY/UUP dollar, the SPX index near a trend change posting a 1336, but not a 1335 and a possible gap below, silver near $36 but not at their target of $36, hmmm and the dollar is the main tool used to manipulate the market... it's a hard call, but the chart below shows a correction to the lower support area.

This end of week price may be a better mark to ask if the dollar decline has reached the Fed's market maker's and Goldman's target.


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