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Mix-Ansicht- Nichts Neues von ADEN - Emerald, 29.10.2003, 07:43
- lt. Trimtabs w. Fonds-Zuflüsse d. Lumpeninvestoriats im Okt nahe 2000 Hoch - kingsolomon, 29.10.2003, 09:22
Nichts Neues von ADEN
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Gold closed at a new high on Friday and even though it's down today, gold's strong and the C rise is underway above $375. Gold shares remain stronger than gold as both HUI and XAU closed at new highs yesterday. This strength is good for both gold shares and gold, and they're very strong above 200 (HUI) and 92 (XAU). Keep in mind, the C rise is in the final stretch. Last week we recommended buying gold shares again if you sold, and once the D decline begins, we'll advise in case you want to take some profits. But more important, keep a solid position at all times because the major trend is clearly up and gold shares and gold are poised to rise further in the bull market, regardless of the intermediate moves. Platinum closed at yet another high today. It's very strong above $715. Silver is strong above $5. Copper is holding near the highs and it's strong above $.85. Oil is heading toward the lower side of a sideways range. If it stays below $30, it could go to $27.
The U.S. dollar index is edging up from its 6½ year lows posted on Friday and it may rise further in the short-term. But the index is very weak below 93 and even if it rises to 95, it'll still be weak. The dollar remains poised to fall further in the weeks and months ahead, and the currencies are bullish. The Australian and Canadian dollars are the strongest and they'll remain very strong above.6880 and.7540, respectively. The others look good too and they're very strong above.5950 New Zealand, 1.16 euro,.7490 Swiss franc and 1.67 British pound. The yen is also very strong above.9050 and we like it too, as well as ICPHX. Continue to buy and hold.
Bond prices have been moving up and they could continue to rise in the upcoming weeks. But the market remains bearish and this short-term strength will provide a good opportunity to sell if you're still holding U.S. bonds and TLT. Don't sell yet because the yields could decline to 4.90% on the 30 year and 3.96% on the 10 year. The major trend for bond prices will still be down even if these levels are reached.
The stock market is perking up again and even though the market's overbought, it seems reluctant to decline. Currently, the Dow, Nasdaq and Transportations are strong above 9570, 1875 and 2810, respectively. And if they now rise and stay above 9813, 1950 and 2880, it'll be a strong sign a further rise is underway. If you have DIA and QQQ, continue to hold but sell if your 4% trailing stops are broken. On the downside, if the Dow closes below 9570, it'll be the first sign the rise may be over and that would be further reinforced below 9420.
As for the foreign markets, our stops were triggered on EUROX, EWS, INR and TDF. Sell if you haven't sold yet.
Next week's update will be back on schedule on Wednesday, November 5.
Warm wishes and until next week, Pamela and Mary Anne Aden
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