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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.27+3.5%4:00 PM EST

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To: Abner Hosmer who started this subject7/7/2001 2:14:29 PM
From: Square_Dealings  Read Replies (1) of 116852
 
Looks like the CRB may be ending an ABC wave correction here to me.

stockcharts.com

Some grains are looking good for a bottom - soybeans have had a nice run last couple weeks. In the end its hard to fight gravity, if you inflate the dollar too much the end result is inflation. Inflation is actually good at this point, imo it will put some restraint on consumption of energy and natural resources. Given the choice between high bandwidth and clean air/water, I will take later. Everyone needs the essentials, Im not sure everyone needs a wireless gizmo.

The dollar has to come down to prevent a total collapse of world commerce.

M.
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