Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (28374)	2/19/2003 5:15:25 PM
From: T-Lo Greens	Read Replies (1) of 36161

The POG is a measure of confidence in the USD. A strong USD will mean lower POG and vice versa. The correlation between the EUR/JPY/RMB do not really play much into this equation of POG vs USD. I tend to agree with your assessment more than Jim's, but then again goldbugs have been taking it on the chin past 20 years and they think a secular 3-year bull will change everything. POG has topped for the year and the direction is downwards. Gravity's a bitch.

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