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To: Henry J Costanzo who wrote (91793)	2/18/2004 10:42:01 PM
From: skinowski	Respond to of 209892

If Euro/USD goes down, so should the price of Gold in USD's. However, they don't always correlate. Moreover, a weakening of the Euro might be perceived as a start of a round of competitive devaluations - and you know, that's exactly what it might turn out to be... In this case Au may acquire some extra momentum. O/T - the fellow who owns that neighborhood joint grew up in Milan and was trained as a Chef in Rome... I think you would like his stuff... just let me know when you're in town -g.

To: Henry J Costanzo who wrote (91793)	2/19/2004 1:02:05 PM
From: Shack	Respond to of 209892

But as you know, Shack thinks there may be some more up here before a larger correction is in the cards. The key for me and the reason I believe this is the clear wedge off the HUI high in December. That reeks of corrective down as we broke up out of it quite impulsively. Today is shaping up as a reversal day back up after a little wiggle down. As far as NEM is concerned, I'll feel much better if we can get out of the down channel off its December high, still $1 higher than here. Still have BGO as well.