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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (21078)10/31/2002 10:46:45 PM
From: crustyoldprospector  Read Replies (1) of 36161
 
Jim, it looks like this dollar decline is driven by the perception that the FED will cut rates. That's the balloon that got floated, anyway. But IMO the smart money is betting the FED holds rates steady, giving the dollar will get one last pop and shithammering gold ... hence the drop in gold stocks today. This is going to be some kind of head-fake ... it's gonna look like the real thing, and it's gonna scare gold longs.

Just guessing.

crusty
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