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FinancialAdvisor

03/02/05 9:53 AM

#4488 RE: FinancialAdvisor #4426

*XAU/HUI/NEM red currently despite spot gold holding its own (+.50) at $431.90/ounce in the face of a dollar pump with the USD index at 83.25 (+.49).

XAU = 96.22 (-.63)
HUI = 209.25 (-1.27)
NEM = 43.56 (-.49)


$GOLD stocks in the past have led the $GOLD currency/commodity, so this means that $GOLD shall drop after this mornings greenness, unless we see a sharp pivot reversal here intraday with the stocks... odds are in the favor of the past, and the past tells us that $GOLD will drop here as the stocks foretell of... but we shall see, one day soon I expect the dollar/$GOLD relationship to become rather void.