MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Moominoid who wrote (9519)	11/28/2001 10:46:43 AM
From: J.T.	Read Replies (1) of 19219

Australian Dollar put in a bottom around September 24th. Canadian Dollar and Euro put in near term lows around November 21st... Within 2 trading days of the XAU low and hence Gold Bullion... My comment about Canadian Dollar and Euro relates to mirroring much more closely the day to day trading activity and immediate lows to Gold and XAU... Nevertheless, you are correct in saying Aussie Dollar does mirror gold's general direction. Aussie Dollar is a better lead indicator for gold rather than coincident indicator like CD and Euro. Best Regards, J.T.

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