Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (33340)	3/27/2002 5:43:54 PM
From: John Pitera	Read Replies (2) of 52237

Hi Terry, how have you been? Briefing today mentioned that Japan's leading gold retailer saw a 9 fold increase in gold sales in February. That's a big jump. The Banks in Japan are going from a policy investors having all of their savings covered to a new policy of having only part of their savings "insured"... the Argentinians are also buying more gold, with their peso --------------------------- 11:00 ET 10-year: +3/32..5.328%....GNMAs: +3/32....$-¥: 132.66....Euro-$: 0.8727 Cash gold up $4.00 at $300.70 an ounce. Some talk of buying ahead of the Easter weekend. Funds also rolling into the June contract. May also be some support coming from the nearby introduction of pay-off in Japan, though we have not heard anything specific on this front. Japan's leading gold retailer reported a ninefold annual increase in gold sales in February. Finally, energy stock drawdowns may be offering some support for inflation concerns, while the Street has begun to warm up to the gold stocks (maybe now is the time to sell???).

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