TSX:LSG.DB - Post by User
Post by
LexMark747on Sep 25, 2014 6:35pm
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Post# 22971610
Is the Dollar ready for a correction? ... I think so
Is the Dollar ready for a correction? ... I think soHere is my two cents worth on the Green Back. At the close today the U.S dollar index has been over bought for approx. 6 weeks now. A reversal candlestick called the shooting star / falling star .... whatever one wants to call it appeared at the close of todays trading. This is considered a reversal candle stick. The charts also show a negative divergence on the relative strength index ( RSI ) .... It is my belief that a dollar correction here is imminent. It might take a couple of days to unravel but it should take place very soon. Hence, this should be very bullish for the price of gold and also for Lake Shore Gold ..... Mark ... Stay long and strong with LSG.