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

To: jimsioi who wrote (11202)	5/13/2004 9:17:17 AM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 108742

>> A bet on Gold is one against the dollar and it looks like it'll push right on through 92, here....Downs are brought right back up....trend up, yes this year, longer term we all have our doubts... quotes.ino.com << Now that the Dollar is above both it's 200 dma/ema I think it's more likely that it'll continue to run. We're still close to the multi-year downtrend line on the Dollar at these levels so there is still some hope, but given the current trends in place I don't think the Dollar is stopping until at least 94.5 which is the next significant resistance pt in my mind. With the Dollar you have rising interest rates supporting it as well as a flight to safety now that it appears we may have a global meltdown in progress. I think this is a very temporary phenom., but at least right now it's not showing any signs of stopping. Also waiting for lower lows on the HUI and gold. FWIW, Casual Tech who has had a very good track record of late is also expecting 340-350 gold this summer.