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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (53878)6/8/2000 8:51:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116779
 
the dollar is under pressure,

Goldsnow,

I believe that we're seeing a good portion of the money market holdings in dollars being reinvested in equities.

If you look at this chart, you'll see that the dollar didn't begin its recent climb to lofty highs UNTIL the Nasdaq went into bear market territory in April.

futures.tradingcharts.com

I won't be worrying about the dollar until I see it break support in the 104-105 area.

Regards,

Ron


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