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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (4444)	5/18/2003 12:30:14 AM
From: GTC Trader	Read Replies (1) \| Respond to of 5423

Value, Congrats on the Four of a Kind! Sinclair said that DXY0 closing below 94.5 would be very bearish for the dollar and very bullish for POG. He is expecting POG > 360 very soon and > 400 soon. With the dollar so weak and POG so strong right now, why were the gold stocks so weak yesterday? Bearish candles on both XAU and HUI with the XAU closing below 72 and HUI just barely holding above 135, both closing near the LOD. Do you think XAU/HUI will read Sinclair this weekend and start playing catch-up on Monday, or might XAU/HUI know something that Sinclair doesn't? Might the drop in DXY0 be a false breakdown, and might it soar above 95.5 on Monday? Sinclair makes a lot of sense, but I don't understand why XAU/HUI continued to fall while DXY0 was plunging through key support at 94.5. Your thoughts would be appreciated. TIA - Ken