Gold Breaking Out Verse Euro, Relative Strength Chart Shows Trend Change

- August 10th, 2010

Goldstocktrades.com reported that Gold Breaking Out Verse Euro, Relative Strength Chart Shows Trend Change

Goldstocktrades.com reported that Gold Breaking Out Verse Euro, Relative Strength Chart Shows Trend Change:

The trade deficit widened unexpectedly this month after the dollar reached extremely oversold levels, which was quite surprising to Wall Street. Usually, a weaker dollar should lead to an increase of exports of U.S. goods; however, the exact opposite occurred. This further signifies the global economic slow down despite record government stimulus, a devalued dollar and artificially induced low interest rates. The market and the employment situation are no better off now than they were previously.

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