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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (1484)	5/3/2000 7:45:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Thanks, I saw the additional rate rise in AUS. All other things being equal higher interest rates help a currency. The trade deficit is still a bit higher than I would like to see in Australia. It we look at the entire history of the AUD float since 1985 the Ozzie buck has spent very little time under th .6000 level. If this Gold rally has any substance, it will be a positive for the AUD. --------------------- speaking of Gold there were 2 Bullish gold commentaries in Barron's MarketPlace this week. I don't know when that last occurred. -ng- -----The McClellan Market Report P.O. Box 39779, Lakewood, Wash. 98439 APRIL 20 ~ The biggest story right now is the impending bottom in the gold sector. We are now as bullish as we have ever been on gold stocks and expect a big rally over the next three months. T-bonds are in danger of breaking down out of the topping formation we have been seeing; a break below 96 could spell big problems for T-bonds. -TOM MCCLELLAN The Value View Gold Report P.O. Box 4487, DeLand, Fla. 32723 APRIL ~ A total mystery is why anyone still owns mutual funds holding these turkey stocks. Most of these stocks have as much chance of recovering as a turkey does flying. Just picture what happens when you drop a turkey out of a 10-story window. Such will be what will happen to the mutual funds still owning these techie stocks. Fantasizing may be fun, but it is not profitable. Rather, it will lose you money every time as holders of these funds will find out. The Old Paradigm is techie stocks, and the Next Paradigm is GOLD. -NED W. SCHMIDT------------