- General Views: by the Aden sisters................. - Emerald, 07.07.2003, 16:10
General Views: by the Aden sisters.................
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Mary Anne and Pamela Aden are two of the most influential and well known investment analysts, writers and lecturers in the world. They are the co-editors and publishers of The Aden Forecast, a monthly investment newsletter, which specializes in the U.S. stock market, mutual funds, U.S. interest rates and bonds, the international stock and bond markets, as well as the foreign exchange and precious metals markets.(more....)
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July 4, 2003
By Pam and Mary Anne Aden
Gold popped up this week while gold shares are holding firm near the highs. This is a strong sign for the upcoming rise. But a decline is still underway as long as gold stays below $357 and it could last a while longer.
The Australian and New Zealand dollars are soaring aided by unchanged interest rates in Australia. High interest rates have been giving a boost to these currencies, as well as to the Canadian dollar. Meanwhile, the U.S. dollar index is rebounding and it's firm short-term above 94. The euro and Swiss franc are declining while the dollar rises and they're vulnerable short-term to a further decline.
The stock market's 16 week rise is stalling. But with this week's upmove, especially in Nasdaq as it rose to an over one year high, there still may be more life to the rise. But the Dow Transportations is far from its June 4 high at 2556, which is a bad sign for the rise in general. A sustained rise must take all indices to new highs. If not, the rise will be losing steam.
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