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Zeev Hed

08/21/03 7:17 PM

#143262 RE: Sherlock356 #143256

see #msg-1344926, and yes a strong dollar is negative for gold. Right now I think the next "stop" is in the $1.02/$1.03 to the Euro range and Gold should test $340 short term.
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mlsoft

08/21/03 7:43 PM

#143275 RE: Sherlock356 #143256

Sherlock...

If the $USD continues to rise, yes, that would definitely be a negative for gold. The key for me is that I do not think Snow/AG can afford to let the $USD continue to rise because of the damage it would do to the economy and our exporting companies such as the chip and equipment sector. I look for them to join the competitive devaluation game at any time, now.

mlsoft