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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (1565)10/14/1998 9:18:00 AM
From: Zardoz  Read Replies (1) of 81277
 
For the "sword of Damocles" to fall, would require a higher bond yield than what it is now. The DOW is the last to break, and break it will. But time is the most important. As the fluctuations spread, the last safe haven is the DOW 30. The cracks are visiable. And unless the liquidity is increased than the DOW will splinter. In April or earlier I suggested a 6300 Dow. But that was based on higher yield. The treasuries sure are showing signs of manipulation or massive short covering. The US FED is not in the picture, as their most recent data suggests a tightening stance, while talking the opposite. Look at the M2. A reduction of +$4Billion, in the last week.

Andrews' Pitchfork? {this is the last hope for GOLD, if it doesn't break $296 today, than it may climb above $310 by months end}
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