MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: XBrit who wrote (62300)	11/12/2000 7:05:32 PM
From: NucTrader	Read Replies (1) of 99985

Basically he says USD and gold have an almost perfect negative correlation of -1 (chart included), and he notes recent USD highs have not been accompanied by new gold lows, suggesting a bottom. >> Secondly, the dollar appears to have completed a “blow-off” top, which makes gold movements to the upside very interesting. A sudden short covering rally in gold that moves back above $300/oz. changes everyone's investment and inflation perspective.<<

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