AI
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| Alias Born | 06/16/2004 |
Thursday, August 11, 2005 11:07:28 AM
***$GOLD up today big, I'm still firm that it's very close to a top, I see nothing to believe otherwise at this point... looks like the futures did bounce off of the 10 day SMA though...
On one hand though, the U.S. dollar has now pulled back farther then I thought it would, so I'm thinking that we are close to a technical bottom here before it takes off and has one last stand before ultimately collapsing or getting further devalued... unless of course my timing is off and that has started already, but I would expect the U.S. dollar to have one last rise which would correlate with the initial bear market reaction in the markets... and apparently this hasn't yet started, but time is getting stretched thin... still remains to be seen whether my patience for $GOLD to get back to re-testing $400 will pay off or not...
On one hand though, the U.S. dollar has now pulled back farther then I thought it would, so I'm thinking that we are close to a technical bottom here before it takes off and has one last stand before ultimately collapsing or getting further devalued... unless of course my timing is off and that has started already, but I would expect the U.S. dollar to have one last rise which would correlate with the initial bear market reaction in the markets... and apparently this hasn't yet started, but time is getting stretched thin... still remains to be seen whether my patience for $GOLD to get back to re-testing $400 will pay off or not...
HI-HO SILVER !!!
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