In the spirit of Dancing With The Stars, this morning technical analyst Chris Kimble calls our attention to the delicate dance of the Dollar and Gold.
Chris comments: For a period of almost nine months (1/2010-9/2010), the Dollar and Gold moved together with a high degree of correlation.
Over the past few months, more often than not a high degree of NON-correlation is back at hand between the Dollar and Gold.
On a short-term basis, the Power of the Pattern is suggesting that a rally in the Dollar is due.
Should the Dollar rally from here, will a non-correlation event take place and drive down key commodities and equities?
Stay tuned! The Dollar can impact a variety of markets!
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