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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (1359)2/20/2004 10:28:18 AM
From: Wade  Read Replies (1) | Respond to of 48092
 
As predicted that USD was reeled in again once it drifted to far away from the 500-day linear regression line. It is more and more clear to me that this is the agenda of G7, which is not published at any place.

I believe that the reason for them to pick this method is to make it so clear and no room for misinterpretations between G7 members. The 1.3 USD/month declining rate is based on the past 500-day database. It is still very possible that a new trend was decided by G7 during their recent meeting at Orlando, FL. I will keep on looking for the new trend.

I expect to see that USD slowly drifts downward while wrapping around the slippery steel wire.