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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (51759)5/20/2002 11:52:34 AM
From: t2  Read Replies (1) of 65232
 
Dollar...Gold; Interesting trade today; Dollar holding up but Gold still moving higher.

I see that as a reaction to news over the weekend.
Terrorist threat and India/Pakistan tensions escalating.

Otherwise we probably would not have seen such a big move on Gold without a significant drop in the dollar.

btw--the moves in gold stocks are across the board. The hedgers have been doing a lot better lately too--pdg, abx.
That probably signals a major sector move about to take place.
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