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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (28097)1/3/2001 4:20:42 PM
From: marginmike  Read Replies (4) of 65232
 
VOLTS, congrats on the victory today, but I dont want to remind you that the naz is still down about 50%. The majority of people I know were out of the way for this rally. As for GOLD , the rate cuts are Good for gold because they will start the inflationary scenario. There were already Inflationary problems under the surface as seen in th NAPM and they will become more of a problem. I am neither long or short anything(though I wish I was today-g-)except GOLD. In a US recession or re-inflation of buble Gold wins. In many ways Gold will probably suceed better in inflation then recession. If you noticed Commodities were also strong today. I think Energy will be still stronger if the fed can pull a rabbit out of the proverbial hat. I am still skeptical that Rate cuts wont help this time, though I wont bet on it. Regards
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