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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: siempre33 who wrote (44168)7/7/2007 12:53:00 PM
From: koan  Read Replies (2) of 78419
 
Thank you siempre for that (and slow lane), that was one of the best presentations I have ever seen!

The guy that spoke sounded very resonable and had geat isight I felt and coverd all the bases except one. Which he mentioned, but he should have elaboated. He sort of did, but the average person would not have been able to catch it.

Here is what he did not empphasize:

There is/has been for quite a while a 92% inverse correlation between gold and the dollar. This means one never even needs to look at gold, one can just look at the dollar to see what gold is doing.

Now we have the dollar at barely .81 (go to www.kitco.com) to the PM section scroll down and look on the left hand side-I know you know this siempre)and you will see the dollar index (about 81.19?)

80 is a powerful floor for the dollar many people think. So using history, gold should only rise a lot if the dollar can drop through the .80 mark, which many think is a very hard thing to do.

So next the week or two could be very interesting.
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