02/12/10: After a period of little change, the currencies are trending once again. While I am not looking for substantial gains in the greenback, this long overdue bullish correction ought to satisfy the 50% rule and relieve its current oversold condition. At the same time, gold and silver prices have topped, lending further support to the notion of a general US dollar rally. Commodity prices in general should come under pressure in the face of a rising US dollar and that can be clearly seen currently in the grain, softs and energy complex. Because of its inverse relation to grain prices, meat prices have firmed and look to be heading higher after a long period of weakness.
That's all for this issue of the CTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
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