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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (6194)6/6/1999 6:35:00 PM
From: Rarebird  Read Replies (1) of 81145
 
Predicting a bottom for the Gold Bear Market is even more difficult than predicting a top for the US stock market due to the amount of manipulation in the gold market. A Month ago I would have thought $265 was extremely unlikely, but now prices in the 250's have a reasonable chance of occurring. Gold has been dropping almost continuously since May 7, so we should get at least a short term rally very soon ( particularly since the large speculators are net short over 80,000 contracts on Comex).
Greenspan will eventually have to raise rates. We will probably see the US stock market move quite a bit lower over the next 3 weeks so he he may not increase rates in June. However, the speculation will not end until official rates are raised, so eventually he will have to act. The more you hear people speak of deflation and the greater the risk of deflation is perceived to be, the greater the coming inflation will be.
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