After today's retail sales report the markets showed us something we haven't seen in quite some time...the dollar gained strength, gold continued its plummet back to 1,000/oz and the equities market continued to rise. Sound too good to be true?? Well maybe yes, maybe no. There is only so much bad publicity that the dollar could handle. Just when everyone thought the dollar was going to be replaced, now the talk is shifting back to the greenback for safety. Just as there is winter, spring, fall and summer so is the season's of change for the free market system. We as traders must adapt to the changing environment.
To the Summit,
4xSummit
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