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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (515)9/30/1999 6:16:00 PM
From: goldsheet  Read Replies (1) | Respond to of 48092
 
> The US Dollar Index hit 7-month low today

Of all the intermarket relationships I look at, the US dollar versus gold is one of the most important.

The dollar index bottomed in mid-95 and began its multi-year rally, and within 6 months gold peaked (early-96) and began its multi-year decline. Historically, gold just can't seem to rallly against a strong dollar, so the topping and weakness in the dollar is most positive for gold long-term

I wish I had a gold/dollar chart online, but I do have a dollar/XAU chart on my site that should give you the general idea:

goldsheet.simplenet.com