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11/03/2009

Important Trendline Broken

I mentioned in last night's video how the EUR/USD was still holding above its trendline.

Not anymore. Here is the chart:

1103-eur

Precious metals bulls will probably take heart that gold seems to be shrugging off the news. So perhaps gold and the dollar are starting to decouple, which I think would be great news for the gold bugs.

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