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rayrohn

01/04/05 10:31 PM

#341227 RE: Public Heel #341224

I think u should check out a dollar chart



it looks that the dollar is raising and gold should tank IMO

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Zeev Hed

01/04/05 11:11 PM

#341232 RE: Public Heel #341224

Rise and fall (the US Dollar) against what? Many Asian countries are pegged. Against the Euro, I doubt there is much more to go, Europe is in much worse shape economically then we are and strengthening Euro exacerbate this. Thus unless we get depegging in Asia, I doubt the dollar has much more to go, thus gold, even the metal, is probably bound above by another $30 to $40 above the recent high, if the $450 we had was not the high for the next year. The miner, they often follow the market during late stage declines.