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To: Stoctrash who wrote (4750)10/13/2009 10:18:05 AM
From: Rarebird  Respond to of 26251
 
<<The fact that Gold is still creeping above 1K seems to be a bullish sign for the yellow stuff>>

It's not bullish if you look at the negative divergence of GDX relative to Gold over the past month.

<<I'm not ruling out a parabolic rise from here to 1200-1300....>>

I'm not ruling it out either, but an essential shakeout will most likely come first.



To: Stoctrash who wrote (4750)10/13/2009 1:52:28 PM
From: Archie Meeties  Respond to of 26251
 
One of the reasons for a weak currency is a negative trade imbalance. So a weakening currency is somewhat self limiting as long as trade is free and currency interventions are not extreme.