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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (51841)5/21/2002 12:27:52 PM
From: Clappy  Read Replies (1) of 65232
 
JimmyGoldenWillie,

I'm guessing the dollar gets a large bounce before cracking below that 111 mark.

I don't think it will break that easily.

Gold has some overhead resistance to chew through.
It may need a little bit of breath before busting higher.

However, $HUI is telling me that it expects gold to keep rising...

I still think some sort of "Devine Intervention" will prop this dollar higher... <g> <ng>

I'm toying with selling some covered calls on my HGMCY and GFI and then buy them back cheaper in a week or so...

Also tempted just to keep holding and wait for the Dow/S&P/Naz to spiral down further...

-IronPantsClappy
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