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Frank Pembleton

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Frank Pembleton

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Re: Zolt post# 11574

Monday, 10/18/2004 2:33:14 PM

Monday, October 18, 2004 2:33:14 PM

Post# of 19037
Z ... yes, inconsistencies in the charts-- keeping in mind that gold is trading like a commodity along side oil ... in fact, so are the two resources currencies-- gold to the AUD, oil to the loonie ... it's only the usd and euro that have any semblance to fiat money.

I’d say the only thing that would cause me to be bearish short term (or at least cautious) if the AUD and the CAD were both trading at par.

…and I don’t think we’ll see that until the euro/usd is at 1.3


FP........................................................

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