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Dollar Update…Weekly Euro Chart is Uber Bullish…

  • Posted on April 14, 2010
  • The Golden Truth
  • Commentaries

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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