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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (44221)	7/8/2007 11:17:30 AM
From: koan	Read Replies (1) of 78419

I know things can change tyc. In the 80's there was a very strong correlation between oil and gold and then that correlation sort of evaporated? The inverse correlation between the dollar and gold has been strong for years, and then I noticed (right after Katrina????, for a while) gold seemd to decouple fro a bit???, but is now back and now includes base metals which the correlation did not use to include, I think. I do not know if this inverse correlation will continue or not. But it seems we do have the test at hand. If everyone watches the dollar and gold for the next two weeks lets see what happens. The dollar has a monster floor at .80. If gold can rise while the dollar stays above .80 then the correlation will be broken. The presentation siempre33 and slow lane gave us was one of the best I have ever seen and there surely was a very definitive monster gold wedge (as the Aden sisters and the author pointed out), so it has to break one way or the other. I am going to guess that gold does rise and the dollar breaks below 80 and the inverse correlation stays intact.

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