A Look at the Greenback
posted Jun 14, 2005 at 11:43PM
Yes we have great price action. We also have an overbought technical condition on a daily and weekly basis, unbullish daily candles, and an overextended open interest and record high commerical short postion.
Even better, my perusal of the boards shows there is no shortage of "sophisticated" traders shorting gold.
The contrarian in me is smiling.