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d33c4f

08/05/05 1:05 PM

#10202 RE: FinancialAdvisor #10200

FA, agreed about gold

Something seemed fishy all week
These "pro's" saying gold was no longer a currency story and de-coupling.
Pumper bullshit

Where we dis-agree, as usual lol, are the broad markets. This is just a test again. Markets hit resistance and reversed. Normal price action
These markets follow the usd now which i brought up at the beginning of this leg
The usd is retesting it's bottom breakout

This could change though..we have to watch and see.

A case in point, the broad averages made a bunch of new highs..and yea they were pumped by the media, a little.
But the oil story trumped them all.
When they pump the real top in equities it should be apart from oil, and IMO with a surging usd
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roguedolphin

08/05/05 6:50 PM

#10215 RE: FinancialAdvisor #10200

FA....sold 2 Dec. 2005 Gold futures today to "bag" some profits. Still long 2 contracts and not sure how I'm going to play it goin forward.

Stay tuned......


Rogue