Tag Archives: USO

Bottom Fishing?

Since my last post I have gone long Europe due to the recent instabilities in the national budgets of certain countries like Greece which prompted many to question to the viability of the Euro and even the European Union, selling my long dollar position in UUP (April) and purchasing euros / european companies by going [...]
Posted in BP, EEM, FXE, GLD, UUP, VGK | Also tagged , , , | Leave a comment

Gold and $$$

Gold also sold off last week. Big time. Although fundamentalists still have a case for weaker gold there is a strong technical bear signal (see the volume!!) which I expect will be taken advantage of by technical traders at least for the short term. Notice the mirror image on the dollar, which experienced a blast off on [...]
Posted in GLD, USO, UUP | Also tagged , | Leave a comment