![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzmA3L6m4DNPY6BYmiOMMT_jedeseSUHz_H9dzskR6Fb7YRADDJoneBb7dqfnBR7xcXxtjzkV_g0huYjgbxvrAgA-ZoV6FCzLGJuCxtnQlqfCf4_j9hlU-ivBq7xmZyPuqvS5vuh79MGw/s400/DXY+6.23.09.jpg)
Concurrently, market neutral funds have thrown in the towel. After we disclosed the drubbing M/N's have experienced year to date, today, the HFRXEMN dropped to not only 2009 lows, but multi year lows. Thank God for back up SLP's practising sound risk judgment.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN2L7Vu95BWS3SBEVVcML8WjkQ-_Y1SHMlacdLgzTBGOxn0dTFdkjYs3sJsw8J39-gCOZQJkXRJmRy9Fdr5C7Kr3XNwy1WmVhlm1fR4Sq9RSLIj6BBrSKEEphTY8wm49htLxhc-gY22sE/s400/HFRXEMN+6.23.09.jpg)
Lastly, Gold (charted as priced in EUR) just reached its 200 DMA, which represents a 50% Fibonacci retracement and is starting to bounce higher after some sidways moves (as Bob Pisani would atest, sideways is a victory for the bulls...). Time for gold take off.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUPZ4oUOmg7Vu0WuWgGfQXJxe9vu-eXP8p0yQxz2mEtjhTvK0ohla52lLmqIU-N8RV_xVclj39Gd0kUubTjy_IMUah8Tuv8sAGfykHvN0TNi20fWZYAx-sRAVNlh6zzKWw37IeSvynF8g/s400/GLD+6.23.09.jpg)
hat tip Credit Trader Sphere: Related Content Print this post