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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (9698)4/25/2006 6:19:34 PM
From: SwampDogg  Read Replies (2) | Respond to of 78413
 
The fact is that the latest IT decline in the buck is definitely not an impulse. Just something to watch. A trend is a trend until it isn't. If this breaks trend dollar bears had better take notice.
As most of 2005 saw PMs do not mind a strong buck. The dollar could easily rally to 104 before it resumes its secular bear.
Gold could also rally to $680-$750 in the coming weeks and then we see the stonger dollar and a long gold consolidation.

One must admit that the buck is hanging in there despite all the bearish news.
The other fact is that the only thing rarer than a gold bull in 2000 is a dollar bull today.