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

To: Psycho-Social who wrote (83746)	6/23/2002 9:47:23 PM
From: t2	Respond to of 99280

The Dollar is really helping the case for Gold. Look at the start of trading this evening on the dollar index...a slight bounce and right back down. If it breaks 108, it could be really bullish for gold. Will a weak dollar be bullish for multinational stocks? That is the theory but the US market could be an exception given the probability of outflows from the US. 12% of equities owned by foreigners....and they are losing a lot thanks to the currency factor. It is logical to assume they own the blue chip stocks and not small caps. A bounce in the dollar index could be a great gold stock buying opportunity. quotes.ino.com