Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

The Dollar Holds All The Cards

The Dollar Holds All The Cards (NYSE:FCX), (NYSE:X), (NYSE:GLD), (NYSE:NEM), (NYSE:GDX)

Courtesy Nicholas Santiago at InTheMoneyStocks

Since the U.S. Dollar has fallen lower by more than 0.40 cents off the highs to go negative on the session the major indexes have traded higher. Many commodity stocks such as Freeport McMoRan Inc (NYSE:FCX), U.S. Steel (NYSE:X), and the SPDR Gold Shares (NYSE:GLD) have moved higher on this dollar decline. 

There is also a rumor on the street that China is buying gold from the International Monetary Fund. This has given all gold mining stocks such as Newmont Mining (NYSE:NEM), and the Market Vectors Gold Miners ETF (NYSE:GDX) a strong rally especially from the intraday lows.

As we say, every trade is a dollar trade. Continue to look for the market indexes to trade invese to the dollar especially when we have volume in the market indexes.

spy

dollar     


Tags: , ,

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!