Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (9507)	8/26/2001 7:53:10 PM
From: Sergio H	Read Replies (2) of 13094

<I recognize that a falling dollar would make gold more attractive... I'm looking for a short term pop in the XAU to about the 66.00 area...> Jim, Germany reported an anemic GDP last week. The short term dollar vs euro (and gold) rates will be swung by the US revised GDP numbers on Wed. and by the ECB interest rate decision coming up this week. If the ECB decides to leave interest rates unchanged, and the US GDP comes in lower than Germany's, there will probably be no change in the dollar... because everyone will be busy selling stock. I don't think that there's going to be a negative surprise in the revised US GDP and although I am less certain regarding the ECB, I believe that they will leave interest rates unchanged; short term outcomes that would be bullish for the dollar. Sergio

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