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To: At_The_Ask who wrote (64010)	1/19/2003 2:20:28 PM
From: skinowski	Respond to of 209892

I don’t want to overstate my case, since I am no expert on intermarket relations between gold, $$ and stocks. I do see, however, that XAU has been declining most of ‘2000 along with stocks, and then rallied in November ’01 – and then bottomed last July, and then in October – more or less along with stocks. I’d say, they do move together quite a bit. It could be that gold has more respect now than it had in a long while – after having trended up for a few years. The buck had an important top in July of ’01, which was tested in January one year ago. No clear correlation with stocks, as far as I can see. Opinions and reads welcome. edit: THe chart of HUI shows the raly as much stronger. That's where the trade was... ng.

To: At_The_Ask who wrote (64010)	1/19/2003 9:12:12 PM
From: skinowski	Respond to of 209892

Onischka on gold - 1/19/03 On 12/19 subwave 3 of 5 came to an end. At 1/7 subwave 4 has completed ( a flat). 5 should be completed within the next couple of weeks. (Oniscka doesn’t think that a wave 5 ED is still valid). Wants to see a break below 351 as evidence that a top is already in place. 216.239.35.120. My read is a little different: ttrader.com This ED scenario does not allow much room to the upside... Must turn very soon, or the ED deal is off. Would still increase my short near 360, but with proper respect and fear.