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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (8750)1/22/2008 10:29:36 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 33421
 
You can get Dollar charts on QCharts

Use DX A0

Probably you can also get delayed Futures, which currently is DX H8



To: nspolar who wrote (8750)1/22/2008 10:53:21 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 33421
 
Hello again. Nice to see you posting again even though we often approach problems from very different angles.

W/respect to the Dollar who says gold has to be inversely related. We've had periods in the past where both have rallied together.

No doubt Dollar is getting more interesting here as a contrarian bet. Most of it's competitors are overextended TA and to an extent FA wise at least from a time perspective (LT probably more room to run).

The Fed tried to pop the commodity bubble prior to a massive easing. They failed. The markets forced their hand and they blinked. 2.5% or less Fed funds rate getting baked in the cake by summer. I don't see how that can't be gold stimulative especially when it'll be a global phenon. Sure the Dollar will get some safe haven status but so will gold. Which market will respond better to incremental demand?

This is rambling and just an off the cuff response to AJ (whom I respect very much) on why gold should go over $1,000 near term:

siliconinvestor.com

Not up your alley as it's not EW related, but I do feel oil and gold are very much related. Gold does appear to be mirroring oil if but for a time lag w/respect to market sentiment. I believe we are either entering a 5 of I or a 3 of 3. From a sentiment standpoint nothing else makes sense w/respect to the general public and FA background. Maybe I'm just drunk. What do you think?