Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (1175)	7/2/2002 1:11:02 PM
From: t2	Read Replies (1) of 89467

ALL safehavens under attack, at critical support now Not all. The Dollar index is doing OK today. That is probably the only reason gold is heading down. Once the dollar breaks down further, gold could be ready for a pop. Maybe at this point, the stabilization of the dollar index is a hint that gold will now stall...but my view is that the dollar really is not stable at all..it is being held up. If the dollar starts heading down along with the stock market, the POG should start going higher..and that could be the next trigger for the gold stocks to go higher. Here is a post by Jeff with a chart of the XAU from a few years back 1996-1998. His point would be to look backwards in time to see where the XAU is going..basically where is came from (higher levels). Message 17682279

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