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Strategies & Market Trends : Ride the Tiger with CD

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To: kacy_in_LA who wrote (31253)	7/21/2005 1:32:19 PM
From: Claude Cormier	Read Replies (3) of 313652

Well I would prefer to see a few big moves here $5-$10 over a few days... and then sustained advance, first above $435 and then a breakout to new highs. I don't think the countertrend cyclical bull market in the USD is over. The current correction should take it to $87ish as you suggest but then $95 remains in the card before the secular bear resumes. If gold stays below $435 or below $456 in that correction, then I am afraid any sustained move to new high will have to wait to next year... and depending on where gold tops, we might well visit again the low $400 or lower on that final leg up in the $USD. My opinion...based on my intuition only... not worth a lot <g>

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