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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: J.B.C. who wrote (9241)12/21/2000 5:52:08 PM
From: John Pitera  Read Replies (2) of 9427
 
LOL....could be.... the commercials are net long gold and
their short position in silver is fairly low.

this seems to be what the situation is with gold
------------

In regards to fundamentals, the gold market re-mains
squarely focused on the U.S. dollar’s trend against
currencies of countries that are major gold consumers
and producers. Consequently, gold prices remain ex-tremely
sensitive to trends in the euro, Indian rupee,
Australian dollar, South African rand and Canadian dol-lar.
Therefore, the November–December recovery in the
euro, Australian dollar and Canadian dollar against the
U.S. dollar has supported the recent, modest rebound in
gold prices.
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