Sunday, August 26, 2007

Where are we now?






US$ is dropping again when it hit the resistance. We will see soon whethere it will broke down under 80.

Crude is still below the up trend. But it may or may not touch the support line at around $67 which depends on the hurricane category. Personally I wish it drop to that level so that I can pick up cheap.

Gold is well supported even the whole market was sell-off on August 16, including the gold stocks.

HUI was broke down technically. The sentiment is damaged. MACD of HUI:Gold seems to crossover positively. Watch the US$ closely for any clue.
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