At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Vieserre who wrote (1403)	7/13/1998 2:05:00 AM
From: ahhaha	Read Replies (1) of 1911

Stated with acumen and good judgement. You took the Japanese right out of my mouth. A swing to the left there can't be anything but constructive for gold though over the short run with trader mentality being commandeered by currency and currency being commandeered by a vote of no confidence, you could see more "choppiness". I went through all the currency interest rate commodity an stock market charts today. Short money markets like T-Bill are having a problem advancing with T-Bonds. The T-Bill market is preparing to fall even though the FED has the fed funds rate locked in. They're supplying a lot more to keep rates from rising than they are selling to keep them from falling. This expresses the reality causing the T-Bills to diverge. The FED has a hard time interfering with that market. The divergence is due to the slowing of funds factored back into the money markets. This sign is the precursor to the market raising rates which I believe the FED is quietly fighting. The Mark seems like it is putting in a double bottom and the Australian dollar looks outright bullish! That's a major switch. The thrust of several weeks ago was especially strong for the Adollar. Australia is resource concentrated even though they have socialism in abundance. I believe the yen has bottomed and therefore the NIKKEI. It's weak today due to uncertainty, but I'll bet it starts right up soon. My guess the Japanese will buy their own market because they will think they have rid themselves of the core of the problem. That's true but the medicine will be worse than the disease. However, it will take some time before the trouble begins and this trouble will cause gold to rise. I can see Japan Inc. turning into the Japan Union, an outcome that will devolve until it sets the stage for the Chinese-Japanese War . The LDP wouldn't have lost if they would only have opened the money floodgates rather than interest rate managed. The fools.

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