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Re: Double Long DX (UUP)/Haligonian *PIC*

Yes it doesn't look good for DX but a one day breakdown does not change a trend. Need to see DX hold below 78.60 and follow through to the downside and roll the indicators over again to confirm the rally is over and the bear is back. That will have major consequences. Notice how Gold and Silver are ignoring DX falling. And the GDX major Gold stock ETF along with the speculative junior Gold ETF:GDXJ and ABX and AEM all closed at or near their lows of the day clinging to major support levels that go back months and in some cases years. No more room to run on the Gold stocks. This is the line in the sand for all of them. Platinum has been doing great though.

Here is the Gold/DX Ratio chart. No damage done to Gold yet in U.S.$..... Just another way to view Gold.

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Re: Double Long DX (UUP)/Haligonian *PIC*