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

To: big guy who wrote (2600)	10/28/2003 4:14:35 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 108663

very interesting Gold/DXY chart tells me that Gold is running faster than the watered down anti-Euro is falling I find the DXY to be largely useless as an index it is 52% weighted with Euro and they call it "trade weighted" what decade was that? 1950's I wish there were a popular Broad Dollar Index reported more often, and esp traded in futures contracts it would be 35% weighted Japan, 40% weighted China, and only 15% weighted Europe, with some Canada the Federal Reserve maintains this index, a real one but they dont talk about it much since it hasnt budged much at all in two years in other words, the USDollar, as far as trading partners who benefit from the lopsided trade deficit are concerned, has seen almost no correction whatsoever the Fed would prefer to maintain the illusion that the USDollar has almost finished its correction when it has not even begun well, as of October 1st, it began after the Dubai G7 Meeting when the JYEN broke north of 88, and has not stopped since DXY is a real curveball nonsensical meaningless index its only importance is two-fold 1. reflection of Euro 2. available for hedging in futures / jim

To: big guy who wrote (2600)	10/28/2003 4:44:17 PM
From: yard_man	Respond to of 108663

looks like we entered a more volatile regime beginning November of last year ...