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Strategies & Market Trends : Three Amigos Stock Thread

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To: brogan who wrote (19774)5/3/2000 9:24:00 PM
From: Sergio H  Read Replies (2) of 29382
 
Guys, Greenspan speaks tomorrow right before the market opens. June T Bond futures broke support closing at 95 and are indicating a half point interest rate hike and even odds that Greenie takes the opportunity tomorrow to drop a hint.

Even though gold stocks were down today, probably due to the sector downgrade this morning, gold futures were up. If Greenie indicates a half point rise, buying a gold stock for a quick trade may be a good idea.

Lehman this morning:

<<Gold Stocks : Lehman downgrades the gold stocks in their coverage saying: gold stocks have significantly underperformed the market YTD. In our opinion, the argument that these stocks are safe-haven investments has been systematically refuted - again. They cut BMG, HM, KGC and NEM from NEUTRAL to UNDERPERFORM. >

Sergio
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