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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (117295)8/17/2001 2:17:04 PM
From: John Madarasz  Read Replies (1) of 436258
 
Earlie...

noticed this very cogent observation on another board about short term action of Golds also...


Symbol: NEM

Message:
short term, my only problem with gold stocks (very short term) is that the DOLLAR has tanked PAST the 200MA...its been straight down and its DUE for a big bounce...that will likely result in short term profit taking in GOLD....XAU looks like it will hit near $60..after that, i think dollar rallies a bit and XAU pulls back a bit


Regards,

John
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