Friday, November 11, 2005, 7:17:00 PM EST
Gold and Dollar Market Summary
Author: Jim Sinclair
Gold has performed well with the black boxes running all over themselves bullishly in the US dollar. As the dollar broke out technically, in came buyers for the US Treasury ten year issue thereby helping the dollar further.
Meanwhile, the cash gold market is overrunning the paper gold market and in that process burying the COT gang
one more time.
It appears to me as if $498 to $502 is the present magnet acting on gold.