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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (1052)9/29/2003 12:38:47 PM
From: big guy  Read Replies (2) | Respond to of 108705
 
<Anyone care to opine on gold's rather muted (IMO) response to the dollar tumble except for the short lived spike ?>

I think everyone is waiting to see if 92 holds Kastel. This recent tumbles in the DXY makes me believe a probe of that low is a given. If she doesn't hold its $400 here we come.



To: Cogito Ergo Sum who wrote (1052)9/29/2003 12:59:56 PM
From: gold$10k  Read Replies (1) | Respond to of 108705
 
Kastel,

Last February, the POG spiked up to $388 but HUI refused to go beyond 155. I don't know what will happen this time, but given the recent sell signal in both the POG and HUI, I wouldn't buy either for more than a bounce. OTOH, I wouldn't sell my core position in PMs.

Regards,

vt


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