Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	5/24/2006 12:57:05 PM
	Read Replies (2) of 78417

Funny, I was listening to one of bloomberg's financial guy give a very esoteric explanation regarding the big down day today in commodities. What is funny is that the dollar is stronger by almost a penny (.84). www.kitco.com That easily explains the entire down day today in the metals and one needs to look no further. Something to remember, everytime we listen to a pundit expound on the market. I have watched this same scenario many times over the last so many years when gold and the dollar were moving in a 92% inverse correlation. When there is a 92% inverse correlation one does not even need to look at gold just watch the dollar. The dollar is driving gold, not the other way around. Why don't these MBA's from Stanford and Harvard just point out the dollar is up today, so commodities are down-lol. I don't think they get paid by the word-lol

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