Wednesday, August 6, 2008

DOLLAR GETS GOOSED UP TO .74375!

Dollar then slips back to .7433 Euro plunges to 1.5377 then rises to 1.5391 at present Oil moves up to 119.50s Dow still up in the 11550s Bonds fall rapidly to 114.12s Gold breaks out of the down trend channel on decent volume then stops to consolidate, but with the dollar so strong... It may not go higher... However, gold is continually in the process of "DISENGAGING" from the dollar and can go its OWN WAY anytime it wants... After all....IT'S THE REAL MONEY...NOT THE DOLLAR! I still see gold pulling back and going lower from here!

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