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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.04-1.7%Nov 13 4:00 PM EST

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To: Crimson Ghost who wrote (50621)5/13/2000 8:07:00 AM
From: the Chief  Read Replies (3) of 99985
 
Hi George. It doesn't surprise me that a "bear" is bullish on gold....the two go hand in hand, so obviously because I am bullish on the market, I am also bearish on gold.

Gold will be used by Greenspan to ensure the US dollar maintains its strength, one way to make a strong dollar is to make gold more and more unattractive. If gold begins to rally, Greenspan, will just call one of his "comrades" in a foreign bank and tell him to announce a gold sale of 6 zillion tonnes.......and poof...down she goes!

Prophecy....gold will remain below $300 for all of 2000, any excursion above $300 will be accidental and quickly "smited" by some obscure foreign bank.

the Chief
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