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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (31767)	3/8/2002 6:06:53 AM
From: Square_Dealings	Respond to of 52237

I think the drop overnight in gold is mostly due to exchange rates. The Yen rose about 3% against the dollar yesterday which is huge. Similar moves across the board in other foreign currencies. Gold is a hedge against stocks and bonds, so gold in dollars will only go up when foreign currencies and stocks are dropping against the dollar, or when the US markets are dropping (or both). The last week has been tough for gold because the dollar has been falling and the US market has been going up. Note how gold has been generally trending up with the dollar and spiking up when the US markets decline. stockcharts.com So if you think US stocks are headed for a decline and the dollar will stabilize then I think HGMCY will be ok. M.