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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (181413)7/19/2002 3:10:54 PM
From: GraceZ  Read Replies (1) of 436258
 
anyone have a take on this move in gold??

I think its just built up pressure being relieved. I heard more than one person remark that unless it could break through 320 in a convincing way they were going to continue to hold a bearish stance on the physical. Plus it was a concern that it failed to move up with so much dollar weakness. Perhaps there's a growing awareness that the EURO isn't the only place to hide out from dollar weakness considering the EZ might suffer from our dollar weakness along with us.
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