Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« What Your High School Chemistry Teacher Never Taught You About Gold | Main | Find Out What Doug Casey Is Buying Today »

Is the Dead Cat Dollar ready for a fall?

The US Dollar has just experienced the Cross of Death as the 50dma crossed through the 200dma in a downward motion heading south.

The Cross of Death is usually a negative indictor and so one would now expect the US Dollar to head south. However, this is not always the case as a certain amount of damage has already been done in recent weeks. The dollar had traded as high as ‘100’ in the first quarter but of late the ‘95’ level has been more par for the course.

Also note on this chart that the MACD is about to form a positive crossover which, although not as strong as the cross of death, usually has a positive effect.

The RSI has dropped and then bounced off the '30' level and is now heading north which is another good sign.

All in all we see this particular set-up as fairly neutral for now and would expect the any word from the Federal Reserve regarding a possible rate hike as having more effect on the dollar than just about anything else.

For now we will hold dollars until gold makes a bottom before becoming aggressively bullish on the precious metals sector.

Take care and go gently.


Is the bottom really in?

Could there be a final capitulation just ahead of us?

Have you plenty of cash to take advantage of the coming bargain prices?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.




Winners of the GoldDrivers Stock Picking Competition 2007 










PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>