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In a message dated 6/6/00 4:46:02 PM Pacific Daylight Time,
Proffittak@xxxxxxx writes:
<< today gold had a follow up day with another $3 up >>
Hello Ben,...
Directly the result of US Dollar weakness. To be bullish on Gold
I would have to see additional downside for the US Dollar,...which
I do not to any substantial degree. My suspicion is that if the S&P500
breaks out to the upside (note NYSE Breadth,..Utils +2.2%,...NH/NL's decent)
then the US Dollar might rally and re-trace some of it's recent decline. This
would bring some weakness into the price of Gold. Just my thoughts.
Regards,...JIM Pilliod
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