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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To: John McCarthy who wrote (21234)	9/17/2006 1:48:35 PM
From: bruno_1	Read Replies (1) of 78418

my answer is ALL OF THE ABOVE. If you look at charts of gold vs the dollar, oil vs the dollar, and the euro vs the dollar since the beginning of 2006, they are all mirror images. In other words, when the dollar has risen oil, gold and the euro have all fallen and vice versa. I don't think one of these causes the other to occur. These move relative to each other the way they do because of the net effect of all the things you have mentioned and a bunch of other things as well. So far I have not been able to figure out the relative importance of the various factors that move these markets (international tensions, supply and demand, interest rates etc etc). I can see that once a trend is established it tends to continue until it reaches support or resistance. Right now I think the euro, oil and gold will continue to decline at least until the dollar rally meets resistance around 87. what will cause it to reverse ? I wish I knew. But I am waiting to buy commodity related stocks until the dollar rally fizzles out.

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