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Strategies & Market Trends : Natural Resource Stocks
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To: longdong_63 who wrote (17479)11/11/2004 6:45:33 PM
From: ItsAllCyclical  Read Replies (1) of 108760
 
Action in Aug and Sept was exactly the same between 210 and 200 on a smaller scale obviously. Let's hope for the same result. I think the gold action has very little to do w/the impending ETF and far more to do with:

1) Euro leaders sanctioning the move above 1.25 Euro w/comments w/respect to commodities
2) Bush plans to privatize small portion of SS (major cost requirements)
3) Escalation in war in Iraq (requires more spending)
4) Bush plans to make tax breaks permanent
5) T-Bill auctions not being purchased to the same extent by non-US parties over the past 6 months
6) Increased rate of FED monetization over past 6 months
7) Trade imbalance figures now annualized at 600 bil annually
8) High oil prices

Probably a few others too that I'm forgetting. Most of these catalysts are all within the past few months (or at least they've increased or become more certain).

This talk about the gold ETF potentially marking "the TOP" or being "the cause" behind this rally is PURE SH*T. If it happens it's the PPT and will of course only mark another ST or IT top, not a LT top.

ST, as always is anyone's guess due to the level of currency invention by virtually every gov at this point so don't hang your hats on this. Just trying to crystalize what's different about this latest attempt at 430 and try to keep myself from trading too much.
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