Euro & Aussie ….These currencies, per yesterdays update, have put in double tops.
The Euro just over 140 and the Aussie just above 99. First the Euro has already had a pretty good 2 day break.
137.73 is a good place for the Euro to stop and try to put on another rally. A lot of investors will be trying to pick
a top in this currency. The Aussie has growth implications, the strong Aussie has been positive for the mining sector and commodiites in general.
Gold….The gold is in a 15 range ( THE HI 1356, THE LOW 1341.40) Keep it simple..which ever way it breaks out it should go. HL ( Hecla Mining co.) has a double top at 6.78. A close above can tgt 8.5. This should trade with the Gold.
Oil..(Dec.). last nights low around 81.80 is a key holding area. A break down of the oil prices would likely have
negative effects across a wide range of assets including the Euro.
