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Strategies & Market Trends : John Pitera's Market Laboratory

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To: wlheatmoon who wrote (2655)8/16/2000 6:05:10 PM
From: John Pitera  Read Replies (1) of 33421
 
the dollar is close to breaking down, and the dollar
index could go back to 106. the gold market has
been really liquidating in terms of the open interest in
the futures and also the gold stocks have had
real capitulations to the downside.

stocks like HM, PDG, have really made big
multiyear lows.

sometimes the USD and gold move in opposite directions
and sometimes they do not.
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