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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: gongoman who wrote (61795)	6/16/2002 9:03:59 AM
From: stan_hughes	Read Replies (2) \| Respond to of 100058

gongo - You may be right, but for plain vanilla technical reasons. IMO the USD seems to be set up for a short term rally by the looks of the MACD and momo indicators here - pw1.netcom.com Gold doesn't necessarily have to fall in direct proportion to any USD rise, but it should track it close enough to make gold unattractive near term. One additional but important note - the current technical setup for a rising greenback and falling gold also implies stocks will be relatively stable. That's a big part of why I'm concerned we may not get this big stock selloff everyone expects. The indexes could still erode a bit but a recipe for panic doesn't seem to be here.