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

To: vampire who wrote (79703)	6/16/2002 9:29:37 PM
From: t2	Read Replies (1) \| Respond to of 99280

Patrick, I am sticking to the ones that have a no hedging policies as they had the big run ups (examples: NEM, AEM, AU, GG). Reason, don't see the dollar breaking down below 110...and there are no questions out there on how high the EURO can go before it becomes a problem for their economies; we already know that the Japanese are concerned about dollar strenght and intervening in the currency. Of course, there is also a large following of those that believe the dollar is headed down a lot (that includes me on a longer term basis though). You know this "bet" is being made right now in currency markets. Lots of talk about this from economists and gold bulls lately. That probably means the dollar decline may be nearing an end short term and therefore unhedged golds become the logical short as these stocks had huge moves lately. All this on the view that the dollar decline has temporarily come to an end. I am not totally convinced on the dollar and therefore have not committed that much on the short gold trades yet. Looking for opportunities this week. Just see a good risk/reward in the group. Just noticed Japan is tanking this evening (down 329 points)...might be another sign that dollar is reaching a short term bottom; Asian markets had held up better than the US lately; maybe some of that money that flowed out of the US is ready to come back. Just my guess.