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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (7721)11/23/2001 7:34:30 PM
From: Crimson Ghost  Read Replies (1) of 99280
 
Zeev:

Gold and gold stocks should rally when the buck gets hit, but my expectations are quite modest.

My comments on the stock market and the dollar were not directed at gold so much as discerning a possible trend change (stock market and buck no longer moving up together) that could be signalling the end of the current rally.

I still expect no more than a 50% correction of the rally from the September lows. Do you still expect a steeper drop?

I think the lows will be tested again, but not until next fall when interest rates should be much higher and the dollar much lower.
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