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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	10/7/2003 11:06:36 PM
From: crustyoldprospector	Read Replies (3) of 108711

But this chart, goldbugs ... stockcharts.com[w,a]wallyyay[pf][vc60]&pref=G believe it or not, suggests that a falling dollar is not so good for POG in the short term. Admittedly, the chart does not include data from the last gold bull 22 years back, but you gotta think that getting through resistance at 4.5 will be long and hard. From this perspective, it looks like this phase of the long-term gold bull may be getting very long in the tooth, with a correction to the 3.25 area in the cards next year. If USD is at 80 and the correction goes to 3.00 ... well, it fits the Pretcher price scenario to a "T", while one can still view gold as being in a bull market!!!

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