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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (11132)	5/19/2003 1:41:12 PM
From: Little Joe	Read Replies (1) \| Respond to of 39344

<But may also mean they (da boyz) are looking for a substantial interest rate uptick to justify it?> That is certainly possible, but my gut is still that the Fed is not going to tighten or raise interest rates now. I think govt. is resigned to weaker dollar as one of the least objectionable alternatives available now. I think the pros are just playing the bounce rally. Maybe this comes from my technical orientation, but one of the questions I always ask myself when considering a scenario, is what the chart would look like if that scenario played out. If the dollar made a new high now, it would indeed be a strange looking chart. Using the same analysis, I have concluded that the Prechter guys are wrong about a new low in gold. I just think of what the chart would look like if that happened and it is just to improbable. Little joe