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Strategies & Market Trends : Natural Resource Stocks
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From: ItsAllCyclical12/16/2004 9:26:32 AM
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(edit) Euro back under 1.33. Closed the gap. If it continues to head lower during the next few days odds will greatly increase for a ST Euro double top and that we'll make new ST lows in gold imho. 425 first target. Will have to look at the chart, but 1.32 or lower will probably start to make me nervous.

Yen holding so far to slight gains. Maybe this is where they diverge. Probably why gold is holding up so well this morning despite the Euro.
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