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Message: Re: Hey Eddilson

Apr 02, 2009 03:47PM

You were very polite.

I had to run out. R Russell/Dow Theory came out and siad that gold stock ahve broken out in terms of GDX and NEM which he sees as a bell weather issue.

The IMF gold sales yesterday killed gold...there is talk these sales will continue. There is also talk that China will buy all the sales from the IMF so who knows???

I think the key is the EuroFX - if it closes about 100 higher from here- about 135.25 it will mean a huge breakout vs. the dollar and no threat of gold sales will be able to hold gold down at that point.






Apr 03, 2009 06:52AM
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