dollar index will be supported around 102.. the figure is derived from a .618 retracement via 98 lows to 2001 highs. Economists are expecting a pick up in economic activity 2nd half 03 (six months away) and that falls inline with my speed line for the dollar index that it will be supported at 102. Gold is said to be 75% correlated to the USD according to the gold council, however the concerns that gold is looking for trauma, war and bad news has merit.
