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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (14280)6/12/2002 3:56:06 PM
From: t4texas  Read Replies (1) | Respond to of 36161
 
gold treading water as dollar levitates 110-111

there seems to be no technical reason for the us dollar to levitate here the past several days in the 110-111 range. wonder who/why that is happening?? is there some magic chart i am not looking at?

when the dollar resumes its move downward, the gold miners and gold will move up again. as i posted here last year all i need to do is check the dollar, and i know which way the golds are going.



To: SliderOnTheBlack who wrote (14280)6/12/2002 4:20:15 PM
From: nspolar  Respond to of 36161
 
Covered about 2/3 of outstanding short positions this morning. Overall decent gains. No new longs.

Future plans day to day.

Two things I don't want to miss. One is the next major leg up in gold. Would be abnormal if it came right on the heels of one of the strongest bull runs ever. Other is the DOW crash, which has yet to occur. My read is the probability is decreasing that it occurs during this swoon. Market isn't out of the woods yet, but getting closer.