MacroVoices #343 Jeff Snider: Why the Dollar Remains King
Macro Voices
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Is There a Bottom for Gold?
The point of high interest now to me is around this 85 cent level, or 85 dollar level. If we see that these little rally attempts in crude oil can't beat 85, they could roll over and head right down to the mid to low seventies. I think for gold, we're going to have to really see a a us Dollar top establish itself. And that would correspond with potentially ta basing formation, where gold could put in a bottom. It just doesn't seem like that's there yet.
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