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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Paxb2u who wrote (9153)7/1/2002 3:31:09 PM
From: The Vet  Respond to of 16631
 
Peter they went down when the dollar went down and defied normal logic. They can do it going the other way as well. This dollar strength is due to intervention... it rarely works even short term, and intervention cannot reverse a trend. The market always wins....

Gold will be up tonight overseas; tomorrow is another day...



To: Paxb2u who wrote (9153)7/1/2002 5:09:52 PM
From: The Vet  Read Replies (1) | Respond to of 16631
 
Peter. How the major gold stocks ended the day.

Best performer was GFI up 15% (not surprising with it's inclusion in the XAU this morning)
Second was HGMCY up about 10.5%

Laggards were DROOY and RANGY both down about 3%

finance.yahoo.com



To: Paxb2u who wrote (9153)7/1/2002 7:02:57 PM
From: The Vet  Respond to of 16631
 
Well that is cleared up.. why am I not surprised..

Reuters News Agency

U.S. Treasury Secretary Paul O'Neill confirmed on Monday that the U.S. Federal Reserve Board had intervened in foreign exchange markets on Friday on behalf of the Japanese government.

globeandmail.com