Cusick’s Corner 02-25-2013 After Hours
Gold, GLD, bounced in spite of a weak Euro, FXE, weak Equities, SPX, and strong Dollar. What is interesting is that this shiny metal typically is correlated to the Euro and today it is bucking the trend. This will have to be watched closely, let’s see if the Metals start to re-correlate soon. Outside of the Metals, the Commodity complex is also under pressure from the Dollar strength, UUP, and if this continues then this could be tough for the longs. This … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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