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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: steinman who wrote (19999)10/8/2002 3:12:22 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 36161
 
XAU has pulled back near major support. Very cheap now if you think -- as I do --that the dollar will drop sharply next year.



To: steinman who wrote (19999)10/8/2002 3:23:22 PM
From: jeffersonkeith  Read Replies (2) | Respond to of 36161
 
Maybe for no other reason than it looks like so dismal. Many expecting a breach of the 200day (hui) and couple that with the "notion" of improving equity markets... the immediate future could look somewhat grim. And then there's the elliot picture which has us commencing a swoon, take your pick. That said, went long some GFI and it did breach it's 200day. It's been said so many times but the dollar can't avoid the cliff forever. Cheers!


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