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Posted: October 9, 2004

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US $ BREAKDOWN FROM TRIANGLE PATTERN!

FINALLY...
A CRITICAL BREAK IN THE DOLLAR!
 
We have been recommending investments that would improve on Dollar weakness since April 5, 2001.The Dollar Index (chart) was then 115.57,  now 87.57. Important Lows were registered at 84.77 on Feb. 18, '04, and more recently at 87.24 on July 16. If those supports crack, damage could accelerate quickly.
 
LAST WEEK WE SENT:
"GOLD is breaking away from another large triangle pattern and should be ridden hard!
Keep a Stoploss at 395 for now."
 
GOLD WAS 407.50 THEN, CLOSED TODAY OVER 420 FOR 1ST TIME SINCE EARLY APRIL.
 
SILVER WAS 639 THEN, TODAY OVER 693.
 
CRB INDEX CHART (not shown) LOOKS EXPLOSIVE, AS WELL.
 
COMMODITY STOCK, IN GENERAL, REMAIN MOST POSITIVE!
 
Although we see wonderful investment opportunities for appreciation, here, we are much concerned for all holdings denominated in U S DOLLARS.  Also, for the ramifications in Geopolitical arenas.