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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (721)	11/17/2003 12:54:59 PM
From: macavity	Read Replies (1) \| Respond to of 29622

$USD. I agree with you LT - $USD is bearish, but nothing goes down in a straightline - not even the Nasdaq! I see Longer term momentum indicators as rising so we have some 'long-period cycle' support here. If we break 90/400 I feel that we could get a good reversal anyway just not predicting timing and level. This last gold rally 2-3 weeks was metals lead IMO not shares, but we will see. Trust me, I am not shorting Gold. I just feel that we have a good case for $USD vs. Fiat bounce here. Message 19505510 Depending how this day ends we may have an oversold hammer reversal in Dollar Index. Strange Movements? Maybe but remember correlation is not causality. Casualty? Perhaps! Opposing views? That's what makes the market! :) -macavity