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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Joe S Pack who wrote (38881)	9/26/2003 11:00:39 AM
From: maceng2	Respond to of 74559

I agree that the bankers and economists case against gold is trumped up rubbish. It's really one of the most useful materials going. Doesn't stop them from manipulating it down though. In the longer term Dow theory will rule imho. =========================================================== reuters.com London gold drops towards $380 on falling euro Fri September 26, 2003 09:21 AM ET LONDON, Sept 26 (Reuters) - Gold fell sharply on Friday afternoon in Europe, with the spot price approaching key support at $380.00 per ounce as the euro slipped to session lows against the dollar following a stronger-than-expected U.S. gross domestic product report, dealers said. By 1317 GMT spot bullion was quoted at $381.50/382.00 from $384.20.60/384.90 quoted in New York late on Thursday. It had hit a low of $380.60. U.S. final second-quarter GDP rose 3.3 percent, beating the 3.1 percent consensus forecast. Traders' focus started to return to the relative strength of the U.S. economic recovery compared with that in the euro zone, currency analysts said =========================================================== A chart provided by JH stockcharts.com[w,a]wjclyiay[pc5!c20!c100][vc60][J17315327,Y]&listNum=2 Message 19288647 Indicates to me to buy more miners when the $XAU hits 70 to 75. I'm guessing about mid October.