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

To: el paradisio who wrote (47473)	4/20/2000 3:32:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

What war? Agree on DJ and NAZ resistance areas. Upon reflection Kudlow may not be so far off the mark in seeing gold as the key. To be sure gold prices have long ago decoupled from inflation. But the low gold price does signal that the rest of the world is not now willing to challenge the dollar or our huge trade deficits in a serious way. POG is being manipulated to be sure, but the manipulators would be powerless if foreign CBs were ever to stop accumulating dollars at a breakneck pace. Hard to see a SUSTAINED stock bear until this paradigm is broken.