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

To: sea_urchin who wrote (16765)	12/31/2002 9:08:39 AM
From: E. Charters	Read Replies (1) \| Respond to of 82013

naught sow. Gold can easily be predicted over 7 years cycles. I did that before many times years ahead since 1970. It has easily seen long term price swings with sharp upswings. Lately it has had sharp down swings since 1998. This is due to the volatile derivatives market and the tendency for gold sellers to use short and long term instruments of the market to park their cash. The support line that ends at 330 in February-March has not been broken at all. (by more than 3% by ruler) Don't fret. At least for the XAU. It goes out beyond that to 340. Gold has moved with the Dow in the 90's but since about 2002 it has been seen to move opposite the Dow's short term swings which is more classic. It moves in sympathy however with the dow in a shadow curve, but delayed by several weeks. Underneath that still, it has a move away from the declining Dow in a broader sense. Make a comparison chart in bigcharts of other charting service and you will see the divergence and shadow combo effect. Correlational analysis should be done on these momenta to analyse it in detail. Gold seems to be tied to bonds in a way too. Bonds are anomalous now because they are not reacting to interest rates like they should pointing to possible US government intereference in taking positions. EC<:-}