The DXY has been up and down and more down than up. The speculators have it going long, the commercials have it short. BTW - the commercials also have huge shorts of gold. But that's another debate. Different commercials? Anyhow, The Evil Speculator has a couple of choice pieces looking at the DXY and other currency related matters across the globe. There has been much talk about the inverse relationship with Gold. Though that has also not been perfect by any stretch. There has been recent consideration given to the potential for testing the all time lows of 70.70 in March 2008. ES discusses the 73.26 and 72.17 as critical levels. Such that breaking 72.17 to the downside has ES possibly moving out of LA. And the post finished with ~~~~~~~There is almost nowhere left to hide. When you think that buying GOLD will save you, you should probably be buying lead. TIck tock. Tick tock.
Thank You http://evilspeculator.com/
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