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To: Crimson Ghost who wrote (61983)12/14/2000 11:40:50 AM
From: Rarebird  Respond to of 116760
 
George, the dollar dropped quite a bit in the summer of 99 before the POG rallied in the fall. It has not dropped all that much yet in percentage terms from its highs. Most of the financial institutions are naturally bullish on equities because their livelihood depends on it.

IMO, when a rally does come in the POG, it will be fast and furious.



To: Crimson Ghost who wrote (61983)12/14/2000 11:52:20 AM
From: Alex  Read Replies (2) | Respond to of 116760
 
Hi George. It's not just the dollar thingy that has no effect on pog. NOTHING moves the pog UP. I'm no Gata nut, as they're called, but it's obvious that SOMETHING'S wrong.



To: Crimson Ghost who wrote (61983)12/14/2000 12:26:24 PM
From: goldsheet  Read Replies (2) | Respond to of 116760
 
> The dollar has dropped sharply of late and gold has hardly responded

Back on 10/26 the dollar index peaked at 118.44, while gold was 264.90 and the XAU was 42.41

By 12/6 the dollar index has dropped to 113.16 (-5.3%), while gold was 274.20 (+3.5%) and the XAU was 50.62 (+19.45)

It is not a perfect relationship, but it seems to have moved pretty well.