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To: NOW who wrote (22156)11/28/2004 11:25:48 PM
From: goldsheet  Read Replies (1) | Respond to of 312359
 
Some of us have followed the dollar for decades.
When I saw it coming back up in 1995, with gold sideways
I got out of gold stocks in early 1996.
Went almost three years without owning a gold stock.



To: NOW who wrote (22156)11/29/2004 12:19:55 AM
From: Claude Cormier  Read Replies (1) | Respond to of 312359
 
The dollar back then was not the dollar today. Since that date a huge monetary expansion has taken place. Furthermore, the hyper US consumption has moved a lot of these $$ outside the USA making it even more a global currency than back in the late 1980's.

I am guessing that the correlation improved as the US dollar became the king currency of the world.