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July 20, 2006

Gold:Dollar charts look interesting, Thurs., July 20, 2006, 12:02 PM

The weakness in spot gold in the past few minutes (back t 630.90) is not justified on the basis of the EUR:USD trading. I suspect it is a retest of the 620 level before moving higher.

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Posted by Posted by Bill Cara on July 20, 2006 12:03:09 PM | Category: Bullion , Forex

Discourse

OT, but Billmon has a good post up about Bernake and yesterday's rally.

http://billmon.org/archives/002542.html

Posted by: number2son [TypeKey Profile Page] at July 20, 2006 1:59 PM [link]

gold did 61.8% retracement of yesterday move.

Posted by: real1 [TypeKey Profile Page] at July 20, 2006 2:00 PM [link]

As mining stocks fall again with the equity market, in spite of a rise in gold. Is this more evidence that the miners just aren't a good play on gold in this type of market, or is this just short term irrationality creating a better buying opportunity for the miners here?

I've been pining over this for sometime. It would be great if someone who has more experience with the mining stocks through the various market cycles could chime in here. I'll take a shot at some regression analysis.

Posted by: rusticuf [TypeKey Profile Page] at July 21, 2006 10:32 AM [link]