Thursday, 30 May 2013

Gold up, Nikkei down (a lot), US stocks flattish, US dollar down

The US dollar breakout illustrated in the previous post is hitting some resistance. The USDX has had two outside reversals to the downside on the daily chart, often a bearish sign.

Meanwhile, gold is up, US stocks are about flat and the Nikkei took another dive today, this time by 737 points, which is less than the -1000 (-7%) or more point move a week ago but still a nasty move of -5%.

Some gold junior miners and explorers have had a nice pop up, such as Pretium Resources (exploration company). Charts shown below:




No comments: