VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (51849)	5/21/2002 3:17:04 PM
From: t2	Read Replies (1) of 65232

Dollar index should bounce off from 112 bwdik. That seems to be the level it hit ther September lows. It might be time to sell some Golds and buy them back on the next dip. A dollar bounce will hurt gold stocks. On the other hand: To break below 112 near term, there has to be panic selling of the US dollar and bond/stock markets very soon. Actually that could happen given we are heading into a holiday weekend...and the fear of terrorism may be heightened (just saw the cnbc report on NY police issueing terrorist alerts for NYC). That is why I am undecided about reducing my gold holdings...might wait til thurs/friday. Still very bullish on Gold simply because I am bearish on the dollar. 1 Year Chart. quotes.ino.com

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