Here are four charts I’m watching …
The dollar is breaking down. We might see it rally back to the 200-day moving average — that may be a chance to get short. Meanwhile …
The relationship between crude and the U.S. dollar is extremely contrary right now. Funds are moving from one to the other.
Remember how gold wass moving in synch with the U.S. dollar for awhile. That seems to be over. Gold is moving into its traditional role. Finally …
You can see that crude is really leading gold higher. Will gold play catch-up or continue to underperform?
Have a good Monday
More on this topic
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Inching Closer to the Gold Explosion
(Gold Versus Paper, 3/13/10)
Bloomberg Gold Buy Signal
(Gold Versus Paper, 3/9/10)
Put Gold Where Your Mouth Is
(Investment U, 4/6/09)
Troubles Brewing in Africa's Largest Oil Producer
(When Giants Fall, 3/10/10)
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Sean, you are the guru of picks. Tell me what I need to hear regarding physical silver
Col
SEAN: What is a good ( simple ) play in owning crude oil? an ETF in what and ( then ) how long do you hold it??
Hi, Col
Silver broke out bigtime on Tuesday. I’d be a buyer on pullbacks. And I like owning physical silver.
Good luck and good trades,
Sean
Hi, Patricia
I mentioned two oil ETFs in my most recent column for UncommonWisdomDaily.com (”Gain, Pain and Profit“). For more specific recommendations, you might want to consider one of my publications like Red-Hot Commodity ETFs.
Best,
Sean