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

To: crustyoldprospector who wrote (16961)	8/17/2003 9:14:38 AM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 39344

crusty - the Dollar chart is a riddle to me. lvlamb.itgo.com Jul 27th to Aug 1st was common salesmanship from the Treasury: Dollar had to be strong for the last notes auction to be successfull. Remains that, Dollar made a double top and keeps printing higher lows. Also, that the Treasury couldn't fabricate a break for the Dollar. While my first IT target was also low (I had 82ish), short term it can go everywhere. Thursday was a close above 100DMA (disregard Friday's market's jokes). Longer term EUR/USD chart not going my way either. Was expecting >1.22 before a consolidation 1.05ish lvlamb.itgo.com Seems the consolidation can take place earlier. Combined, stronger Dollar with stronger prices of gold and the gold chart in Euro which is now at resistance, PoG should continue and uptrend in both currencies. lvlamb.itgo.com The way I interpret the charts this weekend, Dollar possibly up short term, with gold up also. To my discontent as I am short the Dollar. You can't win them all. Shouldn't be driving 100% invested in this fog. Err... not quite 100%, far from. <vbg> But feeling that way. s. Louis "Oliver" Lambrecht