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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: bobby beara who wrote (22788)8/11/1999 10:48:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 99985
 
BB, gold depends on SE Asia to recover especially China. This is not in the cards for a while. It has to do with their life style they buy 24K gold, not the 14K crap sold in the US.

They are over 3 billion people and their middle class is bigger that the US & Canada in all aspects including buying power.

The first indication of them recovering will be seen in the grains. Keep in mind 4 pounds of grains for 1 pound of meet. After putting meet on the table they buy 24K jewlery.

Haim
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