Sunday, December 20, 2009

US Dollar strengthen

The recent pace of the decline in the Dollar has been giving traders a clue that sentiment may be shifting. December Gold is trading lower because of the stronger Dollar. Now, looking for pressure to remain on January Crude Oil.

The stronger Dollar and weaker equity markets are helping to convince speculators to think about the short side of the market. The weak economy is expected to continue to help erode demand. This should increase supply which would be another bearish sign that lower prices are to follow.

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