Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Friday, November 30, 2007

A Tale of Two Currencies

The yen buckled and gapped lower (again) today. This is looking bearish ...

Meanwhile, the US dollar closed back above its 20-day moving average. This is short-term oversold. We may be in for a furious short-covering rally.


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