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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (49677)2/27/2000 7:48:00 AM
From: Rarebird  Read Replies (1) | Respond to of 117044
 
<Has ever before the value of the overall stock markets been this large a % of the overall economy?>

Certainly not. But let's wait and see how this plays out World Wide. The Asian Markets have held up fairly well up to this point.

On another note, the index put call ratio is at 0.68 indicating optimism. The complacency has been growing all last week. However, I've just been told that the index put call ratio on the Nasdaq 100 is 1.4 indicating extreme pessimism. If that's true, this divergent market may last a while longer.

Looks like my decision to hold off till the last BOE Auction from initiating any new positions in Gold stocks has paid off thus far. The dollar index keeps on rising and rising. Bad news for the Gold currency.