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Politics : Stockman Scott's Political Debate Porch

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To: steve susko who wrote (476)6/15/2002 11:28:45 AM
From: Jim Willie CB  Read Replies (3) of 89467
 
endweek: gold #319.0 (saw #322), dollar 110.7

I am reminded of Garzarelli's technical view of gold and dollar
she said when the dollar breaks below critical support at 111.6, that gold should go ballistic

the dollar has remained below 111.6 for over a week now
it is below critical resist levels now
cracks are forming and being felt on a daily basis

gold is consolidating now, readying for assault of #330
but I dont think it will happen until July
this is gold's low season
Aden Sisters believe gold might get to #305 if #319 breaks
it did
Adens said they see this down cycle as about a month
it started in early June
so another two weeks of pressure
good opportunity to grab more shares

/ jim
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