Trade the Cycles

Saturday, October 04, 2008

The US Dollar COT (Commitments Of Traders) Data Points To Continued Substantial US Dollar Strength

The US Dollar COT (Commitments Of Traders) data points to continued substantial US Dollar strength, see the sixth set of data at http://www.cftc.gov/dea/options/deanybtsof.htm, since the savvy non contrarian US Dollar Commercial Traders traded aggressively net long, while the bumbling US Dollar Speculators traded aggressively net short, which obviously points to likely severe weakness for gold next week.

Gold will probably/might crash next week (or in the near future), lagging GDX/HUI/XAU's current crash, see http://stockcharts.com/charts/gallery.html?gdx.

.......http://www.JoeFRocks.com/

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