Rarebird,
Where you see light at the end of the tunnel to let gold
escape out into freedom, Dr. Neville Bennett sees what
you observe as a hole in a dike or dam that has held back
forces in that area able to crush and rip apart whatever
is still standing in an already disaster zone.
Japanese Interest Rates and a Global Slowdown
Le Metropole Cafe
The Man Ray Table
Asia, Topic du Jour
Dr. Neville Bennett
Christchurch, New Zealand
Phone (03) 3642086, 3482233
n.bennett@hist.canterbury.ac.nz
Follows are your views. Doug
From: Rarebird
... the BOJ raising interest rates from 0 to .25% on Friday.
... significant and has potentially very bullish implications for the POG.
... BOJ raising rates, in defiance to the governments of Japan and the US.
The First Signs of Realistic Hope has now entered the Gold Market. :)
You don't know, Richard, how good this news is for Gold.
This is the best news I've seen for Gold in a very very long time.
I now see the end of the Gold Bear.
... Gold needs a strong Yen(amongst other things)
as a prerequisite to sustain a Rally. Gold desperately
needs $$$ to get the hoot out of the US equity market
and into other foreign markets, such as Japan, etc.
Gold desperately needs Japan to recover.
The BOJ raised rates.
It's a start and a decisive change in trend...
It's great for Gold...
Once Gold gets the Euro on its side, it's a Bull Market for Gold...
The major problem for Gold is how on earth is the Euro
going to compete with the US$$$ ?
What the BOJ did on Friday for Gold is similar to the
US Federal Reserve lowering rates for the first time
in the midst of a severe Equity Bear Market.....
Gold desperately needs more rate hikes by the BOJ.
I think that second rate hike by the BOJ
is the time to go long Gold.
The US Fed is finished raising rates IMHO. |
