Richard, agree: " hard hill=320-->330 ". But people will soon start to think:
( I know, sometimes it takes a while,gg ):
Why did the 15 European Banks reverse?
Well, putting my Sherlock Holmes hat on :)
We can assume that this was done in consultation with
the US Fed ( Europe is afraid to breathe without US
input; you know...when America sneezes the rest of
the world catches pneumonia).
In order to decide what happened before,
let us turn around and look at what is
the main result of stopping Gold sales and,
doing it so openly ?
It is an indicator that inflation may be going up.
I think this is what Alan G and the Euro Cent Bankers
wanted to convey because this is one of the most
immediate ways to raise Bank rates and slow this
economy as well as what Alan G now considers
"possibly inflationary": this absurd valuation
stock market.
Then in 1-2 months Alan G will come and say: " hey,
Bank rates are up anyway; I may as well raise mine;
This way he gets very little blame for any setbacks.
Astute,
Just my 2c
back later,
TA
Message #41288 from Richard Harmon at Sep 28 1999 10:43AM
Waves of buying & selling, & buying it back again. mo-mo players are stepping in & out, metals & miners both.
<<Who will stop this runaway train????>>
No one can now! I'm not sure it can even be derailed. But, there is another very sttp hill coming. That's why we need the hard analysis(not the biased type BS we get from
the big brokerage houses & banks). You saw my numbers, but , I'm open to hearing other opinions. Should be a "hard hill" between $320 & 330. |
