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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (26645)9/6/1998 1:54:00 AM
From: Brad Bolen  Read Replies (1) | Respond to of 94695
 
Isn't the recent modest rise in the price of Gold simply mirroring the dollars fall against foreign currency such as the yen. I.E. the rise in Gold is not a global phenom...

From the Japanese perspective wouldn't Gold have dropped last week?

So my ( dumb and ill-defined) question is, I could see gold as a hedge against domestic inflation, but doesn't it take some kind of rise in global demand to really get the price of gold to move enough to be a significant indicator of world events?

B.



To: Haim R. Branisteanu who wrote (26645)9/6/1998 11:01:00 AM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Haim, that was a bounce off an EXTREMELY oversold capitulation bottom, while the XAU took out it's downtrendline, the POG did not and is stuck right on it @290. I don't believe it is telling us anything quite yet, but may be whispering in our ear. I would like to see gold make a nice pop across 290, then Judge Judy will confirm the verdict -g-

bb


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