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To: Mark Fowler who wrote (79097)9/29/1999 10:42:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Mark: what the market is pricing in is higher bond yields -- and these are driven right now by long liquidation of bonds to cover highly leveraged short positions on gold. I don't see anybody pricing in a fed tightening yet. If gold makes another surge, it will drive rates up through the same process. If we get bad inflation numbers tomorrow, Friday or Monday -- which would be nothing more than a coincidence -- where was that neckline? LOL


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