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Re: Lou Dina post# 4873

Wednesday, 02/12/2003 10:33:09 PM

Wednesday, February 12, 2003 10:33:09 PM

Post# of 8735
Lou.........

2 things going against gold.

1) It is a heavily manipulated market.
2) It has an inverse relationship with the dollar.

I think the dollar is due for a rebound (already started actually) which will hold gold prices in check.....but I expect a lot of choppiness in the dollar and gold in the short term. The dollar will prevail in the intermediate to longer term.......in my opinion, and that and $4.00 you can get a coffee at Starbucks.

Here some more technical goop on gold if interested:
http://tfc-charts.w2d.com/chart/GD/23



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