Tuesday, August 19, 2014

USD Dollar or Silver ?

Silver ETF (SLV) versus the $USD Dollar index, weekly chart
As mentioned earlier, both do NOT rise in tandem
The $USD has a clear "problem" with the 82 level
SLV is almost re testing once again that key support level
Gut feeling? Gold and Silver are way oversold, and still in a wide channel pattern.
The $USD now a safe heaven ? We shall soon find out

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