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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: philv who wrote (20874)5/4/2004 4:16:59 PM
From: sea_urchin  Read Replies (1) of 81154
 
Phil, as you know, Greenspan has held interest rates although warning they will rise.

He's trying to talk the market down without putting up the rates but the market seems like it's going to call his bluff or at least challenge him to do it. In fact, the gold shares and REITs anticipated that he wouldn't tighten and are moving upward. Perhaps, more accurately, they are no longer falling. I showed the gold charts yesterday.

stockcharts.com[l,a]dalaynay[de][pd50,2][ilb14!la12,26,9]

Likewise bonds.

stockcharts.com[l,a]dalaynay[de][pd150,2][ilb14!la12,26,9]

So, it's possible there could be a good run for the next few months.
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