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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (70371)	5/22/2002 2:04:18 PM
From: ItsAllCyclical	Respond to of 99280

>> and dollar weakness (the real culprit, IMTO). << Actually I would list NEM buying Normandy and reversing it's hedging policy forcing ABX to follow suit as the real culprit. You could say that gold started to rise in anticipation of a falling dollar, but if you go back and look at the charts the sector really lit up when NEM made it's purchase. The falling dollar will definately help sustain the gold rise, but gold would have rallied regardless, albiet more slowly. JMHO. There are more reasons to hold gold here than just the falling dollar. Look at gold charts internationally over the last 2 years. The US market was the last to rally. The gold rally is a world-wide phenomenon.