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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (56536)11/26/2004 11:55:37 PM
From: Taikun  Read Replies (1) | Respond to of 74559
 
SC,

You you know anywhere that does analysis of gold that strips out the USD effects. Gold seems to be so tied to USD devaluation that I don't see how it is possible to analyze in USD. Gold is so unspectacular again Euro yet you get the pundits from GATA etc saying things like 'above $430 there's no pressure to $500' and 'the CBs will put in major defense at $434'. Since that is simply not the case, followers lose faith.

I would like to see some analysis that neutralizes:

1. demand by the country of the currency (ie USD has higher financial risk, more potential buyers, vs, say Brazil, with less buyers)

2. devaluation effects, because in CAD gold is unspectacular.

I think Bill Murphy et al damages their own case with these calls. If the Dollar Index goes to 50 of course gold will be $500. There must be better tech analysis out there but after a month of Lemetropolecafe, I haven't seen it.

Ideas?

David