MacroVoices #388 Lakshman Achuthan: Recession Still On Deck
Macro Voices
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Gold Futures Chart
I find it very interesting where we are on the dollar. If this is a legitimate bottoming formation on the dollar and we are destined to be far more in the trade range of that we've established throughout the entire year, then the bulls will buy the dip here. The real question is when do we see some sort of a risk off impulse get underway? Right now the dollar is not showing any sign of the market being nervous, but will the lows stand here? I think the correction that gold is undergoing probably has farther to go to the downside.
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