gold to 426, page-9

  1. george_a
    2,574 Posts.
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    02/12/03
    02:51
    Post #: 315765
    yes but for gold to hold $400 I think the Euro needs to hold 1.20. It isn't doing that and you're now watching the Euro/gold correlation. Euro has been sold off to 1.1979 currently and gold is following it down. You know that if they can't attack the bullion market they'll go after the currencies. Sell the Euro and you'll sell gold.
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    lightbulb Created with Sketch.  Great analysis
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