Gold -- the eternal short? Message Board

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Strategies & Market Trends : Gold -- the eternal short?

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To: Ed Pittman who wrote (94)	10/28/1997 2:23:00 PM
From: Phil Varichon	Read Replies (1) of 114

Ed, yeah bond is the place to be right now. That makes me think that the world CB might master this bad publicity about gold, they do not like to see the world shoveling cash into something that does not participate to finance their debts. I find the timing on friday with the swiss statement and the world wide stock market correction to perfect not to say suspicious... Maybe soon deflation will be more a problem than inflation due to the currency crisis, then bond might be better than gold. BTW do you still own BGO? Your timing was almost perfect ... I use 50 and 200 MA, but I am not a wizard in TA (like to learn) what's yours? Good investing Philippe

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