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Politics : Idea Of The Day

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To: Thomas Winklhofer who wrote (16841)2/3/1998 5:51:00 PM
From: Al Serrao  Read Replies (2) of 50167
 
Thomas, a more reliable forecaster of the rate on the long bond is Gold. I brought this to attention of the this thread many times in the past. The recent point I was trying to highlight is what are the central banks up to in responce to the Aisian crisis? They have to be printing paper like mad. If they in fact are doing just that, what can we expect.?The price of Gold would be putting in a bottom, and the long bond would be putting in a top. Looks like this is what happened last month. Uncle Ike's point is if there is all of this excess liquidity floating around then it will find its way eventually into the equity markets. Again another confirmation this week. Hope this helps.
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