John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (6166)	5/22/2002 5:22:07 AM
From: macavity	Read Replies (1) of 33421

That is a superb article on the 'Theory of Money'. I have bookmarked it already. The Author is to be commended. I sold my AU weeks ago, and am regretting it now. Oh well. I always look at things i.t.o the Number of Asset 1 required to buy Asset 2. You posted an article about JPY money supply increasing by (I guess now) 25% vs USD of 9% and voila that was approximately the change in USDJPY. With dollars and yen being printed as if they are going out of fashion, and Gold companies consolidating and closing down mines I think gold at 315 has a lot further to go. I may buy a little amount of gold shares soon, or start trading them intra-day; a pullback may be just too hopeful. I am sure Greenie is long some gold. He knows his stuff! -macavity Long a small amount of QQQ

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