From our 2/10/09 daily market commentary:
The dollar dropped below a recent support area, but it had move up so sharply that a pullback was due. It is sitting on the 20-day moving average and remains above the 50-day moving average. Those levels really need to hold as the next support area is down near 80-81.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
There is a strong tendency for gold to move counter to the direction of the dollar, but for the last few months, they have both rallied strongly.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Both are due for pullbacks, but when you have two markets that usually move in opposite directions, and they are moving together, it usually turns out that one is "lying". I am very curious to see if they do pullback together.
The strength in the dollar has been trouble for the I-fund as it lags the other TSP stock funds by about 5% in '09. If the dollar does pullback, it may be time for the I-fund to play catch-up.
The dollar dropped below a recent support area, but it had move up so sharply that a pullback was due. It is sitting on the 20-day moving average and remains above the 50-day moving average. Those levels really need to hold as the next support area is down near 80-81.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
There is a strong tendency for gold to move counter to the direction of the dollar, but for the last few months, they have both rallied strongly.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Both are due for pullbacks, but when you have two markets that usually move in opposite directions, and they are moving together, it usually turns out that one is "lying". I am very curious to see if they do pullback together.
The strength in the dollar has been trouble for the I-fund as it lags the other TSP stock funds by about 5% in '09. If the dollar does pullback, it may be time for the I-fund to play catch-up.
