504.30 over 510 tonight?, page-49

re: 504.30 over 510 tonight? /stolwyk The fundamentals are right to keep Gold within an uptrend. Oil is not the only fundamental.

If you care to check some of my posts, the fundamentals are listed.

There will be corrections of course but as with shares, that can be expected.

BTW, what is your comment on Fig 4 of this posted article-see post 815832:

The nature of the Bull:

http://www.gold-eagle.com/editorials_05/rwilliam120205.html

Extract:

Figure 4 shows the price of gold overlaid USD index (inverted). Between 1990 and early 2000 both markets diverged, remaining negatively correlated, (i.e. gold up, USD down). However, within the last few years gold and USD index (inverted) have tracked each other closely and transitioned into a more positive relationship (i.e. gold up, USD up).


Gerry