by Sean Brodrick on March 16, 2010
It’s good to see gold and the dollar revert to their usual relationship on the Seesaw of Pain. When one goes up, the other goes down. And now, gold is going up and the dollar …
Keep your eye on support at 79.56 for the U.S. Dollar Index. If that breaks, we could see the dollar [...]
by Sean Brodrick on March 3, 2010
A couple of weeks ago, I posted a video, “Opportunity in Gold and the Dollar,” explaining how the U.S. dollar and gold were now moving up together. In the video, I also said that when the dollar started to go down again, gold had blast-off potential.
And that’s what we saw yesterday – the dollar went [...]
by Sean Brodrick on February 23, 2010
I have a new video on gold for UncommonWisdomDaily.com today. You can read a transcript by pointing your web browser here:
brodrick-uwd-video-for-022310-gold-and-dollar
We’ll see what today brings us.
by Sean Brodrick on February 18, 2010
I’m still in Mexico. Here’s some news that has my attention …
Beijing’s Treasury holdings fall as it diversifies
A U.S. government report this week showed Chinese holdings of Treasury bills fell by $34 billion in December. That fueled concern Washington might have to pay higher interest to attract creditors to finance this year’s forecast $1.5 trillion [...]
by Sean Brodrick on January 22, 2010
Not long ago, I made a video about the pullback in oil. I said if we were very lucky, it would pull back to 77. Well, I must be extra super lucky, because it’s pulling back deeper than that. In fact, this Daily chart of oil is downright bearish.
So, I’m not feeling lucky at all. [...]
by Sean Brodrick on January 11, 2010
Zoom-zoom! Check out this chart of gold …
As you can see, gold is pushing above overhead resistance from December 18th. Meanwhile, momentum (at the bottom of the chart) is improving. If I were a betting man, I’d say gold is probably going back to test overhead resistance from last month. We have to wait and [...]
by Sean Brodrick on January 4, 2010
Any rally in commodities will likely be helped or hurt by what happens in the U.S. dollar. I think that mounting U.S. debt could be a real problem for the dollar, but that’s longer-term. In the short-term, economic news has been generally positive, and this is giving the dollar a boost. It ended last week [...]
by Sean Brodrick on December 24, 2009
You’ve probably been spending enough dollars this holiday season. How are they holding up in value? Let’s see…
by Sean Brodrick on December 21, 2009
With Christmas bearing down on us, we’re officially in the “silly season” now. Market volume becomes too light to trade, so it’s best to sit back and count our blessings (or not) for the year. You don’t want to put too much weight into charts that can be pushed around in low volume, but here [...]
by Sean Brodrick on December 18, 2009
Here is the chart of the day …
The dollar is ruling everything right now, and low volume, combined with a brewing financial panic in Europe, is really giving the dollar index some legs.
The Fractional Reserve Aspects of Gold ETFs
One of the best explanations of fractional reserves comes from a polemical essay written in 1995 by [...]
