US dollar Strength Will Disappear As Fast As It Materialized
Scott,
The strength in the US Dollar, an illusion revealed by the global strength in gold, will disappear as fast as it materialized from media-driven hype. "Connected" players are repositioning against the hype into strength right now. The duration of operation Euro take down depends on the quantity of contracts or amount of 'fuel' controlled by the weak hands. The secular trends of up gold, stocks, euro, and down U.S. dollar will resume when this fuel is exhausted.
Turn off the TV and follow the money. COT figures, due later today, will reveal the trail of bread crumbs to follow.
Regards,
Eric
Eric De Groot's Insights at http://edegrootinsights.blogspot.com/2010/11/us-dollar-strength-will-disappear-as.html
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