Posts Tagged ‘Dollar’

Oil Futures Post The Biggest Gain Since August 19.

NYMEX crude oil futures prices ended above 71 dollars a barrel today after posting the biggest one day rise since August 19 on a buying spree spurred by weakness in the dollar.
Light, sweet crude oil futures for October settled 3.08 dollars higher at 71.10 a barrel, the highest price since Aug. 28. Nymex prices [...]

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Gold Stocks, US Dollar, and Crude Oil Charts

The above chart is a weekly chart of the XAU gold stocks index. I have said in several previous posts that gold stocks needed to hold the support area outlined above for me to remain bullish on the sector.
During this past week, it appeared that the gold bulls had capitulated, and the bears [...]

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