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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (27433)	9/27/1999 2:24:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 99985

You know .. I think that OJ said that if AG raises rates the market would tank. naaa .. the bulls could still pull this one off .. But you know .. I used to call the POG my "fear factor." FWIW Gersh

To: Lee Lichterman III who wrote (27433)	9/27/1999 6:59:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

The POG is currency sensitive... Gold is moving higher in relation to the U.S. Dollar... not in relation to currencies that are moving up against the Dollar... in other words, if you looked at the gold chart in Yen, the gold market has been moving lower..... AG's remedy for the weaker Dollar is another rate hike... that should strengthen the Dollar and attract the return of foreign investors back into the U.S. equities... that will also put a kink in the gold rally.... in other words, bullish for stocks and bearish for gold..... I think gold is offering a great shorting opportunity, but not quite yet.....BWDIK GZ