Over the last few days: The USD Index contract has broken it's down trend. Gold has broken back down through that base (late Oct. to most of Nov.) it was trying to break out of. A CMX gold contract yesterday closed down to 265.60. Since the USD is strengthening, less of 'em are needed to buy the same amount of gold. Most gold contracts are priced in USD. Gold's saying that the USD and the US economy is not going to do all that bad over the next 6-12 months. Plus the S&P chart and the NASDAQ chart are saying the same thing. They both had their rally days and confirming rally days. The SF broke it's uptrend. The BP broke it's uptrend. The Euro broke it's uptrend. Opps! The Yen didn't break it's down trend. Gold keeps getting more and more expensive for the Japanese. Looks like capital is moving back to the US. Now where's that URL for the long term gold bottom 'castpoint? :) "Don't confuse brains with a bull market." - old saying --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
