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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (52564)	6/3/2002 6:34:21 PM
From: t2	Read Replies (3) \| Respond to of 65232

JW, Looks like the dollar index still dropping afterhours. Look at the hourly chart. That sharp market drop coincided with a pretty quick decline on the dollar index between 3:30 and 4PM....and it continues a bit afterhours. By the way, I did see some report (cnbc) on research by someone named Levkovich on how a weakening dollar is good for stocks but bad for bonds...yet bonds still are strong. For some reason, they keep bidding up the bonds even as the dollar loses value on a daily basis. I am thinking that tomorrow or Wednesday could be a short term top for gold and a bit of a relief rally for the Nasdaq. However, I bought up some GFI and GG anyways to keep as cores. GFI on early weakness and GG later as it did not gain like the rest of the unhedged gold miners.