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<p>[QUOTE=&quot;desertgem, post: 1073243, member: 15199&quot;]Don&#039;t forget that even though gold is priced in USD, it is not completely determined by that. The USD index rose from 79.22 to 81.32 over the last week, but the Euro/dollar has dropped from&nbsp; 1.34 to 1.29, which indicates that the dollar grew stronger worldwide, but much because of the downward direction of the euro. IMO. Almost all commodities, since they are priced in dollars, have gone down in dollar price, but that doesn&#039;t change their scarcity value. But there is a difference between PM and necessary commodities.</p><p><br /></p><p>The odd quirk to me is that many have wished for a stronger dollar, but I expect they wanted it without taking their PM down, which I do not expect to happen. Gold and silver has or is close to crossing below the 200 day moving average, and although that may not really mean anything, many investors ( not hoarders) see that as a signal to sell, and that should be something PM investors should watch. Fibonacci retracement levels are also getting hazardous. Again these values seem to be self-predicting because so many use them to decide on buying/selling.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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