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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (51826)5/21/2002 12:06:58 PM
From: Jim Willie CB  Read Replies (1) of 65232
 
USdollar chart looks ominous, lower than before Cisco rally

bearish trend to daily stochastics
failure at 20day Moving Avg last week
declining 20MA and 50MA

now at 112.8
weak support at 113
better support at 111.5

stockcharts.com[h,a]daclyyay[de][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

an excellent summation of gold-dollar relationship
"a lower dollar allows for a rise in gold from here"
a move in gold over 320 almost gaurantees it will reach 400
sometime later this year, or very early next year
because the Gold Cartel would lose all control
the short covering would continue until fully unwound
equilibrium price is 600 for supply to match demand

I really wonder whether the press and media will report the full story of gold
first, whether they report its recent moves upward
second, whether they report about the controlled gold market
my guess is that the real journalism will occur on websites
/ jim
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