Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (70907)	10/21/1999 5:18:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 86076

the dollar was hit pretty big today anyway...as to the gold shares, as i have said earlier, the supposedly bearish news of some obscure mid-east CB entering the leasing game is in fact bullish, as it exemplifies the desperation of the shorts. they need Kuwait or whoever it was to make good on their deliveries. the stock market fell prey to a misunderstanding i believe...Kelly said the Fed wouldn't target asset prices with it's policy, which was interpreted to mean HIGHER asset prices. i think he actually meant LOWER asset prices. in other words: we won't bail you out again. that's what AG's warning was about as well. they know they will have to raise rates lest inflation get out of hand fast and they're not sure how the most overvalued market in history will take it. there's a rumor going around that some people are already preparing for the congressional hearings that will follow in the wake of a crash... however, we have to be aware that there has never before been a situation where such a multitude of interest groups was rooting for the continuation of a bubble as there is now... clearly, the futures market is subject to manipulation whenever things look a bit shaky. the question is only, can they keep this up?