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To: Claude Cormier who wrote (16024)10/13/2004 8:54:47 AM
From: loantech  Read Replies (1) | Respond to of 312810
 
Claude,
<Gold now back well below $214>

Ropbert Rubin must be president, we have a strong dollar, and a 200$$ drop in gold overnight! <g>
Tom



To: Claude Cormier who wrote (16024)10/13/2004 8:58:46 AM
From: Amark$p  Read Replies (1) | Respond to of 312810
 
May be just gold taking a nice whacking prior to the US trade deficit numbers on Thursday... If POG continues to get whacked after the deficit numbers, then there is certainly a real problem... Seems for past several months they like to keep gold/US$ in a trading range. If gold was above $420 prior to bad deficit numbers, then it would most certainly be a huge breakout over $430... Now that they have whacked gold, bad US deficit numbers will likely just get POG back to $420...



To: Claude Cormier who wrote (16024)10/13/2004 12:32:16 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 312810
 
Claude, it appears to be more orchestrated idiocy from Japan. Japan will fight tooth and nail to keep the USD strong if it means buying every sheet of toilet paper the Fed prints. Also the plunge protection team is at work. Also it is bad for votes if the USD falls too much and gold breaks out just before the election. We will have to wait. The fund liquidation is just more stupidity from the stuffed shirts that manage them. Believe me the USD has not suddenly become the darling of the world. We will not see gold go over 425 until after the election imo.