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To: chic_hearne who wrote (9837)9/22/2000 11:17:10 AM
From: EricRRRespond to of 275872
 
This spike in Gold is nothing compared to what we will see when the "real" carnage starts (ie, Naz well below 3000 and the USD crashing).


I used to feel as you do, and made a tidy profit in the gold spike of August 1999. But it seems US treasuries have replaced gold as the deposit of last resort. The inverted yield curve has no other explanation. Remember, gold is just a yellow colored metal :)

(and the world's central banks are still mulling dumping their holdings)