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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: rubed who wrote (9753)	3/8/2004 8:50:36 PM
From: mishedlo	Read Replies (1) of 110194

Well I have a question then: When we get the PPI numbers (and I am assuming they show a hefty increase no matter how they skew them), does gold take off because the market assumes AG will have to leave rates low, or does it get hammered because the market assumes AG will have to hike? Opinions appreciated. rube It is very hard to say SHORT TERM. Longer term PPI or not, the FED is NOT hiking without jobs. PERIOD. Gold will follow the US$ and the next move from Europe is a cut. I think that is 2 months away perhaps 3. In the meantime gold looks good to go. In a PPI smackdown I can see gold getting hit for a day or two, or possibly not at all. After Europe cuts, gold gets smacked for the final time, then takes off. That is my theory and how I am playing it as well. Adding another gold call in the AM. Gold 430-450 in 3 months would not surprise me at all. Mish

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