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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Archie Meeties who wrote (64525)2/3/2001 4:37:51 PM
From: JoanP  Read Replies (2) of 436258
 
Thanks, Archimedes. That was very helpful.

Read a report today by Richard Rhodes: The Rhodes Report, who is very bullish on the XAU, but is also bullish on equities. "The implications of lower interest rates are significant. A rising monetary base is bullish for equities and, as such, declines into support should be bought. Nothing less, nothing more."

According to a service I subscribe to, they are predicting another inter-meeting cut on 02-16 of 50 basis points, which coincides with options expiration, as well as another 50 basis point cut at the meeting in March.

Does it make sense to be bullish on gold and equities at the same time like Richard Rhodes is?

Thanks again for the information.
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