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Strategies & Market Trends : Natural Resource Stocks
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To: crustyoldprospector who wrote (1601)10/8/2003 10:45:21 AM
From: yard_man  Read Replies (1) of 108708
 
I don't think you can look at that in isolation -- if the dollar is at 80? -- where is gold with respect to other currencies and who says the dollar is going promptly to 80 -

Also, USD could dither around in the high 80's for some time and POG could move higher. Don't get me wrong, I think it is good to look at the ratios -- but more germane is the ratio of gold to other major currencies now -- esp euro -- as it has not broken out in the euro and folks over in europe are not as averse to buying gold ...
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