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XAU index

Started by pkamm, 11/10/2004 08:03PM
Posted 11/10/2004 08:03PM | Edited 11/10/2004 08:10PM Opening Post
What can I say, I'm and index guy! The bull market in the gold markets is now 4 years old, and still pluggin' along. The precious metals mining index has as wild a swings as anything but has been done well over the last 4 years. Now hovering around mid-channel -- lately when it's waffled thusly it's made a sudden jag to the bottom of the channel - but not always. If caught in such a downdraft in this index, at least the pain is mercifully quick as the bottom of the channel is often reached in a month or two before the index resumes upward movement. A good hedge against the sliding dollar if nothing else. It often is, in effect, an inverse of the dollar.

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Posted 11/11/2004 08:14AM #1
Did you notice CHFJPY and EURJPY break out yest?