Tuesday, December 15, 2009
Strengthening Dollar
The overnight theme that has been weighing down the market is the stronger dollar. Gold is weaker as a result and threatening to make new lows since it peaked. The market reacted quite negatively to the PPI and Empire Manufacturing data. That happens when you get a negative number and markets are overbought. We remain within the range. The beat goes on.
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2 comments:
Long more PROV @ 1.59
'OL DAWG
2.59
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