GREY:OLEPF - Post by User
Comment by
tony1969on May 20, 2013 11:54pm
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Post# 21419348
RE: RE: Big reversal today in the pog.......
RE: RE: Big reversal today in the pog....... Hey Arlene the dollar still closed at 83.84 which is stilll a bit above resistance of about 83.5. It was down half a percent today though. It has gone straight up from 79.00 on Feb 1st so we are due for a correction. As far as oil I do not think it really correlates that much with gold. At 12pm today they took it up $25 in 5 minutes. That has nothing to do with the dollar. They flooded the market with buy orders for some reason and took it to that level. Same as they do when they bring it down $25 in 5 minutes.