Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (1788)	9/24/1998 5:59:00 PM
From: bobby beara	Respond to of 3339

Yes Kip, the $USD is falling and was/is the currency of last resort. It has now caught the Asian, Latin American flu. digisys.net The dollar has been in a parallel trending consolidation/indecision pattern at the bottom of a sharp downtrend. This pattern is resolved 70% of the time in the direction of the trend. Since greenie is sure to lower rates, I would give this more of a 90% chance of further $USD weakness. The XAU broke out decisively today out of a H&S pattern, with broker upgrades (GGO) and Newmont Mining making the NYSE gainers list. The XAU is up 50% from the Sept 1 low and I think we will get another 20 to 30% in short order. bb