Short term UPprofile from 17 July - support 948.5 , 943 (stop on long) , 937
resistance 955 , 958.7 (fib 61.8%), 964.5 (target for short move)
Gold still inverse steps with dollar and rises with stocks - slightly perturbing but reality nonetheless at the moment - as my Gold Fund manager friend says in his July update:
"Equities rally, yen weakens, dollar weakens, commodities and the precious metals sector rise. Conversely the opposite is true. We have a new theory for this, that economic classes around the world could embrace at the exclusivity of all others– MIMO theory. Money In Money Out – like the best theories postulated keeping it simple works."
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