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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: seminole who wrote (1711)5/8/2000 10:23:00 PM
From: stockycd   of 2103
 
Richard,

I think you are probably better off investing in oil at this point. Gold is soooooooo easily manipulated. My feeling on any forthcoming rise in gold is that it will be sharp, quick, and you'll think it was an internet stock <g>. The rise (if any) will come at the very last minute, as not to let anyone know the truth until it's too late. If the US dips into recession next year (which is very possible), I think gold will be looked at as an alternative investment-but it will never be the standard that it was before.

The dollar is tricky right now but let's think about it...Would you buy the EURO? Even in a period of economic contraction, the dollar will always come out ahead when it's all said and done. I think people realize this and are willing to take the risk. Having said that, when (if) rates start to fall again, the dollar's in trouble. When US rates start to fall, the European rates should start to fall as well. What alternative does that leave us? You guessed it, THE YEN. Who woulda thought???

Chris
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