I would hate to see what happens to gold stocks if we get a 5%
correction in the broad market, or a 2% rally in the dollar.
If they can't rally today (gold stocks oversold and sitting
at support, dollar down, broad market up), then I'm not sure what
will make them rally.
UUP
Posted by andyf52 on 16th of Mar 2012 at 12:15 pm
Looks to me like all currencies are up against the US $ but UUP still dowm. Am I missing something
yes the US Dollar is
Posted by matt on 16th of Mar 2012 at 12:20 pm
yes the US Dollar is down today -0.35 cents, UUP is down as well because it's an ETF to the US Dollar, so you would expect it to the down as well.
Dollar down quite a bit.... copper, gold stocks?
Posted by kalinm on 16th of Mar 2012 at 12:27 pm
I would hate to see what happens to gold stocks if we get a 5% correction in the broad market, or a 2% rally in the dollar. If they can't rally today (gold stocks oversold and sitting at support, dollar down, broad market up), then I'm not sure what will make them rally.
The answer
Posted by billnew52 on 16th of Mar 2012 at 12:49 pm
QE3