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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (60795)11/7/2002 1:16:20 PM
From: Real Man  Read Replies (1) of 94695
 
103 is also indicated. I'd be surprised if there is no bounce, but S... happens -ggg-. Normally, I'd expect XAU to reach 75 by expiration, then a dump into mid-December. OI (aka max pain) says so. But if the dollar breaks 103 and goes into free fall, all bets are off. These Trillions of dollars notional value are in Forex rate swaps, remember? They must be hurting banks big time now. Look at BKX, JPM in particular
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