Dollar's Rally Looks Tired (The Green Faucet)
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On November 10th, using data from the November 9th close, we mentioned concerns relative to short-term reversals in some currencies, precious metals, and the VIX. From their lows to their subsequent highs, we did end up seeing the following:
- The dollar gained 7.6%
- The VIX gained 33.7%
From their highs to their lows:
- Gold fell 6.6%
- Silver fell 14.7%
- The euro dropped 9.2%
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