Forum Archive Index - October 2003

["mick" <mick100@extra.co.nz>]

The US Dollar is on the March up again, if it breaks the 109.50 Resistance again ( USD/JPY ) its next Resistance area is 110.60

Therefore Gold will Drop again tonight. It is resting on the 370.00 support line as of last night. If it breaks below this and closes below the 374.00 area then Gold will be heading south to 352.00. This is a great buying area. Those of you that are into gold might want to look up the Fundamentals for that reason. 

 

At the risk of swapping sides:

With the march up of the Euro and the Overall decline of the US$ ( Down 30% in 12 Months ) Wth the move towards a Gold economy by the Islamic States of the World. We might see a major inflation period forming in the USA. As the Euro replaces the US$ all the surplus Dollars will come flooding back to the USA.There will be a massive oversupply of US Dollars.

Interesting thought if you hold US Stocks High inflation will sink the DOW considerably.

Woody 

 

 

 

 

 

Very useful information woody but

please give the TA/FA thing a break

 

 

 

Mick