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To: The Ox who wrote (14394)	12/17/2002 3:47:40 PM
From: Broken_Clock	Respond to of 14427

Good posts. IMO, it all depends on the dollar. Gold is simply the inverse of the dollar. Higher dollar=lower gold. Or the opposite. Check out this chart and look back to the weekly chart. The dollar couldn't regain 104 today, despite the WH barking it up. A drop to the next support at 102 will take gold past 340. quotes.ino.com I estimate gold at 360 when the DXY hits 100. The USA has so much debt that we need a weaker dollar. Period. Inflate your way to prosperity!

To: The Ox who wrote (14394)	12/17/2002 4:12:46 PM
From: SJS	Read Replies (1) \| Respond to of 14427

Mike, I don't disagree either, however oil is not going to be jawboned down. Venezula's got a general strike brewing, and we get a lot of oil from there. Not only that, the geopolitical climate is not stable, and oil is also reflecting an increasing chance of war with Iraq. Our winter is colder than normal so far, and it got started earlier. So being from oil country or not, oils price doesn't appear to be sensitive to much other than what people see with their eyes vs hear with their ears. Steve