Advice Written: 15 May, 2006 MDSnew Investment Advisory
Context: Short-term trading
Terminology: Communicating to experienced investors, familiar with indicators and signals mentioned
Longer time frames are suggesting taking some profits in gold. In addition to the price expansion indicating sentiment is frothy, the US Dollar is at an area of long-term support.
The anticipated raising of the FED Funds rate to halt inflation is likely to support the US Dollar in the short-term.
Reproduced with permission