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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (174451)6/21/2002 7:08:30 PM
From: marginmike  Read Replies (4) of 436258
 
Tippet in relation to dollar slide Golds have not been great as hedges, and in bad selloffs have gone down in spite of POG mvmt. If market snaps back they go down as well. My thought looking at charts is that Gold will be rangebound for a bit. on a dailey 3 month chart you can see the range pretty clearly. As long as we dont break lows of last weeks there is probably limite downside, however I think with either a melt down or up ST pretty inevitable golds hold litlle luster in this enviroment. Also Inflation news is negative, and dollar decline doing litlle to help.
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