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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (31855)10/18/1998 7:38:00 AM
From: GROUND ZERO™  Read Replies (2) of 94695
 
Haim,

I see what you're saying, and your mention about the immediate institutional adjustment to a rate change makes very clear sense and explains the sudden market reaction last Thursday.

Now, the CRB has been falling, although I see a jump to about 215 coming in the futures. And I think the flight to gold only indicates uncertainty and those buyers have historically never been right. Also, crude oil prices have been moving lower in recent months.

The gold market is in a perpetual down trend for more years that I can remember except for the Hunt brother's manipulation of the silver market and the temporary rise in gold from the Soviet-Afganistan conflict, can I say a bear market now that I've attempted to disavow such terms.

If capital is disappearing and recession is on the horizon, then how can the CRB and gold rise in price, except for a weaker dollar, unless you're saying that inflation is about to emerge?

GZ
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