MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

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4:00 PM EST

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To: Haim R. Branisteanu who wrote (54103)	6/14/2000 6:00:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Haim, if the rally in gold continues, it will be like a verdict by the market on the government's statistics and the Fed's policies...thus there will be a major behind the scenes effort to suppress the rally at some point. the question is really, will it work again. last time around we still had Kuwait's gold reserve to throw at the rally. with the Washington agreement limiting European sales, and the Fed officially not engaging in gold sales, what can be done really, besides raising rates further that is. of course we also have the vast carry trade out there...if it blows up, there will be less fun under the sun for da boyz. regards, hb

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