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To: pater tenebrarum who wrote (38394)6/7/2000 11:04:00 AM
From: Rarebird  Read Replies (2) | Respond to of 42523
 
The XAU is doing a nice job following the POG lower here after refusing to follow it higher in accordance with the magnitude of the most recent move in the POG. A small down move in the Gold Stocks here would've been bullish.



To: pater tenebrarum who wrote (38394)6/7/2000 11:05:00 AM
From: robnhood  Read Replies (1) | Respond to of 42523
 
Once again , we flat line



To: pater tenebrarum who wrote (38394)6/7/2000 11:05:00 AM
From: AllansAlias  Read Replies (1) | Respond to of 42523
 
heinz,

As I said, I plan to go long(er) today if this finishes green, as we would have a decent base above this gap and today would be a small failed technical signal IMO, as yesterday's candle/action should be pointing us down.

re: liquidity. They were pumpin' that theme this morning on CNBC. At least once a day I think of think of Michael Watkins' statement -- "I'm still waiting for the 'What Were We Thinking' specials." I think that clips from CNBC will figure highly in these specials.

Speaking of pumping liquidity... Are Marie's lips even bigger than usual?

--Allan

re: gold

I only sold daytraders that I bought when the PoG move started.



To: pater tenebrarum who wrote (38394)6/7/2000 2:18:00 PM
From: Earlie  Read Replies (2) | Respond to of 42523
 
Heinz:

Like you, I think we get a decent rally yet. Also like you, the dollar slide worries the heck out of me.

Normally, I'd retreat to the weeds and a steady diet of "mortally wounded" stocks at this juncture, but with the buck finally responding to reality, I'll maintain some short/put positions to keep me comfortable.

Alan must be squirming. He simply cannot afford any form of $U.S asset exodus now, yet that is an inevitable biproduct of a descending buck. I'll bet on a continuation of both higher rates (to keep the treasuries offshore) as well as more behind-the-scenes money printing.

Best, Earlie