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

To: Stoctrash who wrote (10276)	10/12/2008 2:16:48 PM
From: Rarebird	Respond to of 33421

Gold has been holding up pretty well lately considering the weakness in other currencies. But, it likely won't last long. Short term, the problem for Gold is that the Dollar Index continues to power higher and I can't call a top here yet. Moreover, Euro/Dollar support was broken at 1.3474 and indicates a continuing downtrend in the Euro. On the other hand, I like the talk about the "end of the Euro" as it is indicating a surprising buildup of pessimism. Intermediate to Longer Term: Message 25059183