SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Pitts who wrote (177)4/2/1997 10:45:00 PM
From: Daytek77   of 297
 
Ron

The Dow dive is nearing the end of the process. They have been factoring in furhter rate hikes by the FEd. By most accounts the bond market and the Dow have factored in about another 50 basis points increase. There is probably another 100 - 200 points lower on the Dow at the most then we will get a rally. Where we go from there will depend on how strong the economy is and how much the FEd tightens. If short-term rates get to 6.25 -6.50% the goose is cooked for the Dow and Gold could shine under those circumstances because it should attract alot of institutional money.

Tony
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News