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Commentaries

Dollar Update…Weekly Euro Chart is Uber Bullish…

By The Golden Truth •Posted on April 14, 2010

I’m not sure you want to short this chart.  But it sure explains the motive behind the massive long position in the euro taken by the “commercials” aka Big Banks:

(click on char to enlarge)

A big rally in the euro should translate into a big move higher in gold

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Jordan Roy-Byrne CMT, MFTA is a Chartered Market Technician and Master of Financial Technical Analysis. He is the author of the 2025 Book Gold & Silver: The Greatest Bull Market Has Begun. He is also the editor and publisher of TheDailyGold and TheDailyGold Premium, a newsletter which emphasizes market timing and stock selection for precious metals investors. Read more →

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