Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (12000)	12/19/2002 1:06:55 PM
From: James Strauss	Read Replies (2) of 13094

RE: our gold/dollar talk>Gold Hits Five-Year High as Dollar Reels LONDON (Reuters) - Gold hit its highest level in more than 5-1/2 years Tuesday as weakness in the dollar, rallying oil prices and fears of a war with Iraq opened the gates for a flood of fund money into the safe-haven asset. Spot gold hit a high of $341.25 an ounce, its firmest level for the metal since June 1997 and a 1.5 percent gain from closing levels in New York Monday William: XAU 79.26 is critical resistance... After that, blue skies until 89.03... Weaker dollar and weaker dollar policy and Chinese buying of gold is bullish for the metals... An impending war with Iraq adds fuel to the fire... Jim

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