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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Crimson Ghost who wrote (36417)7/20/2005 7:47:11 PM
From: Mike Johnston   of 110194
 
Maybe the Fed is worried about this:

In one key speculative casino, Las Vegas, MLS listings which were 14,380 in April, and 17,005 in late May, hit 18,124 in early July. Price reductions have been running about 5% per week in that market, and that's right at a time when a surge of new and very expensive high rise units is coming on stream.

Maybe that is why they recently switched the printing presses into higher gear.

From my experience, the flood of liquidity first finds the way into stocks, then 10-14 days afterward gold begins to move up.
Right now, we are 9 days (10 if you count "the London reversal") into the Sp500 rally, i would expect gold to make a move starting between now and Monday.
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