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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Mikey who wrote (672)3/30/1998 12:13:00 PM
From: Ron Everest  Read Replies (1) of 835
 
Mike,
Bonds move in opposite direction of interest rates. The time to buy them is when rates are peaking. For the little guy the smaller bond moves don/t add up to much. I play them only when I perceive a peak and then hold for yield or sell for capital gain. It would appear that as you postulate if interest rates go up then bond yields go down. Presumably if there was inflation driving the interest rates up then my understanding is that AU goes up. That was the way it was, but is that the way it will be next time around? probably..... I wasn't paying attention to this in the 80's.

IPJ seems to have bottomed at the 2.55-2.60 range. The 300,000 cross was by Standard at C$2.50.

Best regards,
Ron E
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