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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (16724)	3/29/2003 2:13:10 PM
From: Alex MG	Read Replies (1) \| Respond to of 19219

<<Is this a countertrend up move in gold?>> or a double bottom... i really dunno "...An interesting puzzle -- last September 24, Gold closed at 328.80. On that same day the Dollar Index closed at 109.04. Today gold as I write is at 330, roughly at the same price it was last September 24. But today the Dollar Index is at 100.35, or about 9% lower than it was last September 24. Doesn't it stands to reason that with the dollar 9% lower than it was last September 24 that gold would be substantially higher than it was last September 24? What has happened to hold gold back? You tell me. 321gold.com