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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (13841)3/3/2003 3:50:03 PM
From: Jim Willie CB  Respond to of 89467
 
James Turk's euro threshold has been hit today

"Having missed February by such a large amount, one would think that prudence dictates that I should revise my targets downward, but I haven't," Turk says. "I'm sticking by my fear index, which remains bullish. When the euro starts trading above $1.085, then look for the gold price to start rising again."

my guess is Turk believes critical links between dollar, gold, and euro exist within complex contracts
as well as resistance and support levels being violated

the EURO today is at $1.088, above Turk's threshold

finance.yahoo.com

my guess is the gold correction is largely over
so many point only to the Iraqi situation for gold prices
but USDollar fundamentals are utterly dreadful
and worsening by the week

/ jim