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Non-Tech : The Woodshed

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To: steve from ihub who wrote (20011)	1/16/2005 12:22:50 PM
From: SwampDogg	Read Replies (1) of 60903

Yes, I believe that PD is still in the $XAU and it is at or near an ATH. One interesting thing to watch is whether the PMs lead the overall market in both the ST and IT timeframes. I have noticed many times intraday that if the golds started to rally on a down day in the general market that it would signal a rally in the general market soon after. Does a protracted weakness in PMs signal pending weakness in general stocks or are the PMs setting a low here and everything rallies to another new high? Anything is possible but it is not likely the golds continue lower here and the market goes higher IMO.

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