Friday, July 15, 2016

Inflation Up - Metals Down, Ok.

Of course this all makes sense in some alternate reality..... We see core inflation up and the metals down. Of course silver and gold are still in overbought territory on the RSI but still....

Let's see if the dollar stalls out again at 96.5 or so or if it will push through.

Update: See how the dollar struggles at 96.5. If you've been watching the charts you will see this is overhead resistance. Punching through takes us to god knows where.

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