Zeev's Turnips - No Politics Message Board

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

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To: Crimson Ghost who wrote (66450)	5/13/2002 4:03:12 PM
From: t2	Read Replies (1) of 99280

Gold was lower during the day but spiked up just before the spot close at 1:30PM. Looks like anytime it dips below $310, it gets bought up quickly. I read an article on that recently and saw it happen again today--and to see it happen on a strong Naz day, makes me more bullish on the metal. Dollar probaby boosted by the good showing in the equities. The bounce was very little on the dollar considering how beaten up it go. PIMCO's Bill Gross made comments about the bond bull market probably being over. That has to hurt the dollar as foreign money normally sits in US treasuries. Just noticed (cnbc) oil is also up today. That is also odd to see a strong gain on the Nasdaq accompanied by higher oil..there tends to normally be an inverse relationship between these.

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