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AnderL

03/24/09 10:23 PM

#14 RE: frenchee #13

USD index might hit 81-81.50 its creating a rising wedge with a possible run up to 90-91 if it finds support. Ultimately I expect that it should revisit 72-74 which should coincide with a market rally.

I think that gold might test 850 maybe 660 when the markets rally and the dollar falls. I know it might sound odd. Dollar and gold falling at the same time but easing of fear in the markets would mean the rotation out of gold along with the Fed buying long term treasuries all summer should put a lot of dollars into the market.

Regarding oil maybe a long slow grind to 60-70 by 2010 like the old days 5 years ago.

Thoughts?