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Mix-Ansicht- Eigentlich gar nichts Neues? Aber als Bestätigung willkommen: - Emerald, 28.08.2003, 06:32
Eigentlich gar nichts Neues? Aber als Bestätigung willkommen:
-->The Adens: ^vom 27.8.2003..............
Exciting times! Gold's C rise is gaining steam as it shot up today closing at its February high. Gold shares also continue to rise to new bull market highs while platinum closed at a 23 year high. Silver is close to a breakout and even palladium is coming up from the dead. Gold is very strong above $360 and once it closes above its February closing high at $380, a full fledged C rise will be underway. Gold is showing exceptional strength because it's rising while the dollar is strong, which means it's rising versus all the major currencies. HUI and XAU are super strong above 177 and 86, respectively, as is silver above $5. If silver closes and stays above $5.20, it's off to the races. Platinum is very strong above $695. Copper is resisting near $.80, but it's strong above $.78. Oil is coming down, but it has major support at $29.60. Keep your positions. Your buying should be complete by now, but if not, it's not too late to buy.
Nasdaq closed at another over one year high today, it's very strong above 1710 and the 5½ month rise continues. But the market overall is losing steam in an overbought area, while the broader market indexes have yet to close above their June 17 peak. This means it's been over two months since the S&P and NYSE have seen their highs. Meanwhile, the Dow will remain very strong above 9250, but if it closes and stays below 9100, and Nasdaq closes below 1670, the 5½ month rise will be over. Keep your positions, but also keep a 4% trailing stop on them.
The U.S. dollar continued to rise to a four month high this week. Its rise since June is now the best it's had in 1½ years. The dollar index is very strong above 97.20. It could rise further to 100, and in an exceptional case, it could possibly go to 102, but the major trend would still be down. The currencies are declining in their first full downward correction since the bull market started. The euro fell to a four month low on Monday while the Aussie and Kiwi followed suit today. The Canadian dollar remains stable above.7100 while the yen is rising, probably as an adjustment to its past intervention. The euro is now approaching a low area, which means it's unlikely to fall much further. The correction is underway below 1.115 euro,.7230 SF,.6550 Aussie dollar,.5850 Kiwi dollar and.7280 Canadian dollar. If the euro can now stay above or near 1.0850, it'll be stabilizing. Likewise for the Swiss franc above.7050. The Aussie and Kiwi will likely decline further before the correction is over. Keep your euro, SF, NZ$, Aust $ and Can $ positions and buy new ones now and gradually this month. If you have FAX, FCO and GIM, wait to sell on strength.
Bond prices continue to form a short-term bottom in an extreme oversold area on both a short and medium-term basis. If the yields close and stay below 5.21% on the 30 year and 4.35% on the 10 year, a rebound rise in bond prices will begin. If you are still holding bonds or TLT, wait to sell on strength.
The world equity markets continue to look good. EUROX, TTF, TDF and EWW are near the highs. EWS is down but fine. If you have them, keep them, but sell if your 4% trailing stop is broken.
Warm wishes and until next week,
Pamela and Mary Anne Aden
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