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


To: Amots who wrote (71727)5/27/2002 12:29:47 AM
From: t2  Respond to of 99280
 
The Dollar index has held the September 2001 lows for now. That might be the big driver for Gold direction in the near term. If dollar heads a bit higher from just under 113 to about 115, that should create a dip to buy gold stocks.

For now, the risk/reward does not seem that great. Placer deal might provide a good selling opportunity on gold stocks Tuesday.

I am going to keep a core holding anyways simply because lots of people are expecting a breather.