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Strategies & Market Trends : Waiting for the big Kahuna
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To: Joseph G. who wrote (2001)7/4/1997 1:41:00 PM
From: randy kay   of 94695
 
VERY IMPORTANT!! PLEASE READ!!!

I tried posting this thought a few days ago but it fell on deaf fuzzy bear ears so here it goes again.

The price of gold (POG) is usually used as an indicator in the market. When the market is high AND the POG is high, this indicates a very dangerous market. Now, for various 'unusual' reasons (Belgium planning to sell loads gold coins etc.), the POG is VERY LOW. What I'm getting at is are we missing a vital indicator because of this? Is it possible that the POG would normally be through the roof at the moment??!! If so, where is the 'safe' money going?

Here I go into an area I know nothing about so bear with me.
I can't seem to find charts on T-bills and bonds but according to 'Tims' page, bonds and T-bills were at an all time low in 87' and gold was through the roof (writing was on the wall for a crash). What do T-bills and bonds look like on a chart now? Because gold is now too low, is the safe money going into T-bills/bonds (keeping them high) when they should be low and hence we are getting all sorts of screwed up indicators??? Or, is the money going somewhere else? Or has all caution been thrown to the wind and the safe money is in the market??!!

If anyone knows what I am getting at PLEASE HELP because there is an off chance I am right about this but I am no economics expert.

Randy
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