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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (266)	7/26/2005 1:41:09 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50695

Iso.... Yes, the ole' Greenback is hanging pretty tough here. I think it's going to take a little time for the Re-Peg to get digested here and for US Dollar Bulls to come to their senses (vbg). If the Gold Funds don't get solid inflows of Fresh Cash here...and we don't break thru the HUI's 200 dma WALL within the next 5-7 days... I think we re-test the entire move here...and sadly, investors in Goldstocks will go back to making Gold the Metal, do all of the heavy lifting...and Gold will have to lead the stocks higher on the next move. Lot's of interesting idea's out there on the USD resiliency here. I don't think it's going to last that much longer, but that isn't helping us here. Next few days are key...or else goldbugs dump shares and go back to watching and following the metal. Nothing wrong with the metal doing the heavy lifting for a while... and "that" may actually be the next trade imo... cashing in this trade of the HUI goldstocks (other than a core-hold position) off of the April/May washout, locking in those gains... and rotating to the playing the METAL for a while on any/all weakness. The Metal may have to lead goldstocks on the next move.