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| Tables & Charts for Tuesday, Sep 25th, 2012 Posted: 25 Sep 2012 09:03 PM PDT |
| Bill Cara's Blog for Sep 25, 2012 Posted: 25 Sep 2012 04:00 AM PDT CTA Trading Desk Morning Report The question on trader's minds is; what is the US Dollar doing? Is this a reversal or simply a bounce in a downtrend?
That question is causing traders to take gold risk off as shown in the following 2 charts. However, if gold can maintain its stair step rally above the 10 DMA and gold miners can simply consolidate with strong hands buying dips – THAT would be extremely healthy and this period of "risk off" will simply be a profit taking event. |
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