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Is Risk Appetite Fading?

Discussion in 'Technical Analysis' started by GCAM, Nov 20, 2009.

  1. GCAM

    GCAM New Member

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    The U.S. Dollar seems to be gaining ground on risk aversion.

    Crude Oil has broken below support at $78.13. In addition, the new highs in Gold are diverging from their technical indicators which tells us that a short-term correction may be near. The British Pound lost ground while the Euro has stalled.

    With technicals signaling buys and fundamental event risk likely, we expect short-term strength in the US Dollar and will be looking for selling opportunities in Oil, Gold, EUR, and GBP going into next week.

    Sincerely,

    Chris Brueck
    Gold Coast Asset Management Inc.

    Phone: +18883627855
    Email: Contact@GoldCoastAM.com
    Web: www.GoldCoastAM.com
     
  2. GCAM

    GCAM New Member

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