Topic: U.S. dollar is trying a bounce after it broke through the historical low a couple days ago. But any resistance will be futile due to the dismal housing market. @枫下论坛 The Rolia Forum

U.S. dollar is trying a bounce after it broke through the historical low a couple days ago. But any resistance will be futile due to the dismal housing market. -jeffl(I have a dream); 2007-10-2 {99} (#6505@43)
There are many ways to play the U.S. dollar plunge. Be prepared and act quickly once it rolls over.

hey, i need to confirm what u r saying is dollar will start rebound ma? but bad housing mkt is trying pulling it back, right?thanks! -chu.ge(楚格, 海闊天空); 2007-10-2 (#6506@43)

Yes, U.S. dollar will come back down after this relief bounce. It will be better if the consolidation can take 5 to 10 days. This way the oversold condition will be gone and there is enough time for the bad news to come out. -jeffl(I have a dream); 2007-10-2 (#6508@43)

ok, so during this consolidation period for both dollar and gold.... it will be good time to load gold right? it WILL FLY UP HIGH?? seems that the profit-taking action on Gold already started.... -chu.ge(楚格, 海闊天空); 2007-10-2 (#6513@43)

Be patient at times of consolidation. I won't try to guess the bottom. Instead I will wait for a buy signal from my system. -jeffl(I have a dream); 2007-10-2 (#6517@43)

O, i see. thanks a lot! btw, what kinda system u r using, which can show the signal? -chu.ge(楚格, 海闊天空); 2007-10-2 (#6518@43)

what are the ways to play US dollar ? thanks! -chu.ge(楚格, 海闊天空); 2007-10-2 (#6507@43)

Currency futures: EUR, CAD, AUD and JPY ect. Currency ETFs: FXE, FXC, UUP, UDN Gold: Future (ZG), physical (GLD), stocks (g, aem, etc) Metals: too many to mention here Agriculture: DE, MON, BG, POT, AGU -jeffl(I have a dream); 2007-10-2 (#6519@43)

THANK YOU VERY MUCH! but never tough future before. maybe i should give a try... :) -chu.ge(楚格, 海闊天空); 2007-10-2 (#6520@43)
emm, may i ask which one is good and why : g.to or k.to??? -chu.ge(楚格, 海闊天空); 2007-10-2 (#6522@43)

I have g.to. I am not familiar with k.to. -jeffl(I have a dream); 2007-10-2 (#6527@43)

O, thanks! k seems more active. just wanna know the difference btw them... but anyway thanks:) -chu.ge(楚格, 海闊天空); 2007-10-2 (#6528@43)

ZT. 726 will serve as strong support for gold then move up above 800 before holiday season, hehe:) -chu.ge(楚格, 海闊天空); 2007-10-2 {442} (#6530@43)
Overall, it's a "a futile rally in the U.S. dollar and profit taking" that's contributing to the current sell-off in gold, said Emanuel Balarie, CEO of Jabez Capital Management and author of Commodities For Every Portfolio.

Balarie said he "wouldn't be surprised to see the price to drop by another $10-$15."
Even so, he expects the $726 level to serve as "strong support and push the price above $800 before the holiday season."

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