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

To: LLCF who wrote (53194)	5/23/2000 11:39:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116759

You might want to take a look at the charts for the Jun 00 Euro and Dollar contract before you go making all or nothing bets: futures.tradingcharts.com futures.tradingcharts.com And guess where all of that money from the equities market is going to go? Will it go to the Euro or Yen?? Hardly... Why would people put money into currencies who's very economic life blood is dependent upon exporting goods to the US market? Will it go into gold? Maybe some of it will as people misread the economic indicators while under the influence of their panic. Will it go into high yield US Treasuries and money market accounts? Quite probably. The fact of the matter is that the US bond markets have been under considerable pressure for the past several years since bonds just aren't as sexy as stocks and their upside is limited. But as rates go up, so does their appeal to an investing public who would like to see at least 5% gains instead of the blood bath they have suffered in the "mo-mo" technology stocks. Think about it David. What advantage, other than a possible dead cat bounce, does the Euro offer? Wait.. I know!!! Its 15-30% backing by gold... right??!!! ROFLMAO!! Regards, Ron