SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SOROS who wrote (363)6/11/2002 2:16:40 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
ominous Dow reversal, Naz sucking wind, US$ sluggish

was that a 140-pt Dow reversal ?
apparently, a move toward detente between India & Pakistan does little to change the earnings prospects of most US stocks, let alone the lofty valuations by any measure
e.g. PE ratio, Price/Sales, dividend yield, EBITDA

NazComp avoided a reversal, because it was too beaten up to even get up off its back
earnings yield for techs resembles 3-month TBill yield
under 2%, which translates to near zero RRR (real rate return)

the USdollar remains stuck under 111.6 day after day
this pig might not rise on a bounce after all
it is staring at the precipice down to 108 on a daily basis
its failure to confirm the rising gold price SPEAKS VOLUMES

so I would expect gold to fashion a steady rebound here

the HUI chart looks damaged though
we need a less ambitious uptrend slope from here
I think it will come
if they build it, gold will come
/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News