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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Zeev Hed who wrote (49685)	5/7/2000 2:58:00 PM
From: Crimson Ghost	Read Replies (2) of 99985

Zeev: A gold bull does not depend upon a major disaster. Just a significant drop in the dollar. BTW, cyclical gold bulls tend to occur every 6 years -- 1978-79, 1985-87, and 1993. We are due for the next one NOW. All of these bulls took place during periods of rising inflation, strong economic growth, and actual or soon to come aggressive Fed tightening. None of them depended upon a disaster scenario. Each of these bulls made a lower high -- $800, $500 and $410 -- -- reflecting declining peaks in the rate of inflation. The gold bull now beginning probably will continue this trend towards lower peaks. But it will still be a bull. Modest by past standards to be sure, but well worth playing with XAU rising 50-70%.

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