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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (7734)5/11/2005 9:56:51 PM
From: Sergio H  Read Replies (1) of 23958
 
GOLD v US Dollar

Ray, the dollar looks like its making a stab at breaking the long term downtrend:

stockcharts.com[s49236797]&disp=P

And gold is testing support.

I'm a little confused by what's been going on with mortgage rates. The rate trend indicates that investors are not convinced that the economic turnaround is substainable. Strengh in the dollar combined with weakness in the economy are generally not good for stocks. Worth keeping an eye on.

How do you see it Ray?
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