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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (14476)6/22/2002 9:23:15 AM
From: kirby49  Read Replies (2) | Respond to of 81777
 
Morning Searle.

Month endings like May are not so important as quarter endings as we are about to see. For window dressing in March fund managers bought into gold to bring it out of that six week consolidation from the first of Feb. First of June they drive it down to buy the dip and show a gain for their second quarter statements. Chart pattern this month could be a bottom island reversal.

stockcharts.com[m,a]dacayyay[pb10!b50!f][vc60][iLl14!La12,26,9]&pref=G

Regards

Bob



To: sea_urchin who wrote (14476)6/22/2002 11:02:37 AM
From: Alan Whirlwind  Read Replies (1) | Respond to of 81777
 
I didn't realize that the dollar had fallen through the much touted 111 support. Some had suggested a retest of 119. Their could be a reaction to this drop on Monday as the weekend allows investors to digest the magnitude of this event.

edit

The withdrawal of the Yankee dollar from 120 or so up till now has been orderly. Friday was a route when added to this chart:

sharelynx.net

Maybe gold will react the other way on Monday.


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