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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (8407)8/23/2001 2:07:23 PM
From: yard_man  Read Replies (1) | Respond to of 19219
 
I've used these as contrary to the dollar -- FAX BEGBX and TGG -- and done alright so far, but it is early yet.

I am of the opinion that demand has little to do with the gold market ... mostly about supply. I think we have better than a 50/50 chance that we've seen a multi-year bottom.

Haven't seen anything to tell me otherwise -- my approach is far more simple:

Two things are key for me -

1) What I've mentioned about the potential for a multi-year low

and

2) The possible unwinding of confidence in financial markets

IMO, the window is still open for 2 as well ...

I will look at that fund. Thanks ...

by this >>But the run for the dollar is probably over...! <<

do you mean the strong run or the recent small decline?



To: Chip McVickar who wrote (8407)8/23/2001 2:09:42 PM
From: yard_man  Read Replies (1) | Respond to of 19219
 
what's the current yield on that fund?



To: Chip McVickar who wrote (8407)8/24/2001 12:41:44 AM
From: J.T.  Respond to of 19219
 
You'd have made more money investing in the Franklin Hard Currency Fund [ICPHX] that is basically a short on the dollar.

Great idea, thanks. Another investment vehicle to ride to da moon.

Best Regards, J.T.