With Euro rolling over this week and in a weekly down trend and ever so close to confirming a daily down trend, the USD Index is likely to be under pressure.
Gold is in a weekly range trading mode and on a daily downtrend. See charts below. I put SLV(because I am hungry for risk) puts on friday at the close (i like to trade near the close).
Note my EURO short and SLV short positions are posted in the right column.
Sunday, March 21, 2010
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