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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: kirby49 who wrote (32926)10/8/2003 1:10:02 PM
From: nspolar  Read Replies (2) | Respond to of 36161
 
Gold futs holding the line, but that is about all one can say.

Dollar shows no signs of any life to me. None. If anything it appears to me to be worsening - i.e. getting yet weaker if that is possible. If it rallies it will be out of nowhere. OTOH a sudden multi point drop from here is not inconceivable.

I went back and looked at the TA re the big POG smash on the futs. Very little warning, you could even say none. There was weakness but nothing to indicate the smash.

Gold seems under priced or at least out of whack here re the dollar. Given the volatility of this whole global situation nothing would be surprising imo, including a big smash to the upside. Maybe the HUI is best indicator of what is coming. Sure is funny how these little advances etc. always stop at key areas.