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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (2726)	5/15/2002 2:12:13 PM
From: goldsheet	Read Replies (2) of 3558

If you really want to have fun, do a long-term correlation between gold and the $US, and you will find there is none. The two tend to go in opposite directions at times: - like the last 5 years Appear to have a relationship at critical junctures: - dollar started rally in late 1995 followed by gold top in early 1996 - the rise in gold about 6 months ago appears to be related to recent topping action in dollar ... but the long-term statistical analysis does not support what your eyes see on the chart. We humans have a tendency to see patterns where they do not exist in an attempt to rationalize our random reality - aka life ;)

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