Bullion lovers should take encouragement from the chart I’ve included with today’s tout for the NYBOT Dollar Index. It is bearish and shows that DXY came within an inch of touching a very clear rally target on Friday.
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
Jitters Over Greece Quelled by…Lunch?
by Rick Ackerman on February 8, 2010 5:10 am GMT · 8 comments
The stock market’s miraculous recovery in the final two hours of Friday’s session could have made one lose sight of why stocks were down in the first place. Come to think of it, why were they down? Investors began the the day supposedly concerned about whether Greece might have to hock the Acropolis to buy time from creditors. Amidst all the nail-biting, U.S. shares fell hard in the early going. But when the selling began to dry up around mid-afternoon, DaBoyz squeezed shorts with the kind of viciousness we haven’t seen since the running of the bears in the weeks before Thanksgiving. And Greece? As the » Read the full article