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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (1030)6/27/2000 11:15:00 PM
From: LLCF  Read Replies (2) of 436258
 
<the dollar rolls down the rt shoulder... CRB collapses as the buck breaks to new lows and it and equities crash together... gold equities hold their own as the metal falls back to to 270 or so>

Sounds right except investment banks holding "bridge loan and equity bags" among other things panic and try to unwind their Gold carry trades as well as equity positions to avoid the OB scenario... creating just such a scenario and sending Gold to all time highs... and SPX down 30% in 3 days.

DAK
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