Monday, December 15, 2008

Dollar and Gold Charts

The US Dollar seems to be losing a bit of its luster and Bernanke's rate cut tomorrow is unlikely to make things any better

US DOLLAR DAILY CHART
Note how it has recently fallen through its 50 day Moving Average




US DOLLAR WEEKLY CHART
Note the significant PPO downturn (black line, top right)



GOLD DAILY CHART
Note the rising PPO. Additionally, the 200 day Moving Average is close and will likely soon be crossed to the upside

3 Comments:

At 12/15/2008 12:09 PM, Anonymous jerry said...

Very informative charts. I dollar is beginning to appear weakened, and gold has held up well, in spite of its fluctuations. Thanks for putting them up.

 
At 12/15/2008 12:36 PM, Blogger olecapt said...

Have you seen any data on the geographic distribution of option ARMs? Earlier there were discussions that they were heavily used in high end and the CA market. I have not seen an statistics on how they are distributed geographiclally.

 
At 12/15/2008 4:06 PM, Blogger Randy said...

Jerry,

Yes the dollar got creamed today - losing 118 basis points on the US Dollar index... I feel this is the beginning of a new downward trend.


Olecapt: Hope my recent post w/housing charts is what you were after.

regards

Randy

 

Post a Comment

Links to this post:

Create a Link

<< Home

me