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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Roebear who wrote (52237)	5/27/2000 12:35:00 AM
From: P314159d	Read Replies (1) of 99985

Roebear, great post, I don't even know what thread I landed on! But I will say this for ya, you have some experience around 1987 to 1990. This is when gold got tamed by the Fed. It has remained in the doldrums ever since. The fed just panicked and could do so again, with ita gold pop you can get in such a situation. I thought recent moves by the metal were curious and I expect a different response this time. Here's why. Remember as the fed raised rates, people said tech stocks were immune? Remember when the NAz broke down the first time, those pundits told people to go for CSCO and AMATand ORCL etc. the quality bunch instead of the Internets? Remember when Qualcomm was worth 2000 according to an analyst? Remember the Amazon call ? It is very close to 1929 here and we don't recognize it. It is very close to 1987 but the crash is across months instead of one day. It is time to buy your argument, because it will be only the best option to cash. Remember though in '87 and '90 how quickly it crashes, so don't fall in love with the metal too much or the stocks.

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