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Strategies & Market Trends : Ride the Tiger with CD

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To: Eva who wrote (131837)	9/25/2008 11:59:31 PM
From: rubbersoul	Read Replies (1) of 312315

Eva, What I'm hearing now is that the bailout plan is good for the dollar. I had thought that the bailout plan was supposed to be bad for the dollar. Fuct up ain't it? Gold was whacked today when they announced an agreement had been reached. Is gold recovering now because the bailout isn't a slam dunk? What happens if they pass some type of plan (which I think will happen)? Judging from today, gold might get whacked ST even if a watered down plan is passed because the dollar will rise. Gold would have to then do what it did in 2006 and rise as the dollar did. It could happen, though perhaps not initially. I might play this scenario by being more overweight energy and perhaps buy some base metals. This play might work out ST even if gold does well due to renewed optimism and a reduced fear of demand destruction. RS

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