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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 159.13-4.4%3:59 PM EST
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To: Jim Willie CB who wrote (10487)7/18/2002 2:11:46 PM
From: The Ox  Read Replies (1) of 10921
 
There are pros and cons to the dollar dropping (or rising). The dollar is still on the high side of it's trading range from the past 20 years or so and for it to fall a bit farther toward the median is not very surprising. If the FED raises rates, this would normally support the dollar from falling further and would also encourage more people to move toward US bonds since they will get better returns on their investment.

Where gold is concerned, I view it mostly as a commodity. Each commodity market has it's own unique variables which influence trading and gold probably has a few extra variables tossed in when compared to most other commodities. I do like to keep one eye on gold when looking at the macro state of the US market, as it is an important indicator when used in conjunction with the US dollar, US interest rates, etc. At the same time, I don't put undo emphasis on gold like too many people do. Whether this is the right or wrong way to approach gold is up for debate and I'm always willing to listen to alternative views, as long as they don't lose focus of the topic and get into silly name calling or one-upsmanship bs.

You seem to put too much emphasis on what's being written in the press for my tastes but if that's how you gauge "the sheep" then I guess I can understand the obsession.
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