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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (1785)	5/14/2001 8:29:38 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 12410

>>I'm wondering how high gold can rise. Won't the central banks start selling again once the price gets high enough?<< Charts suggest that Gold could see $350.00. Gold could be the short term beneficiary of players looking for the next sector to gain some momentum..? Like any other sector they could be attacting attention as rotation of big players work through positions..., which would produce a quick burst of price momentum and then get sold off. Do you have a good site for following sector rotations...? Also, to me Cheney?Bush's polices are inflationary, polarizing and anti-deficit reduction-SS-medicade, etc..., which is keeping pressure on inflation fears.., which in turn is maintaining high US interest rates. Yes, I'd expect the central banks to keep manipulating gold prices to their benefit. Rising gold doesn't make sense unless we're at the begining of a world wide inflationary growth spurt..., which could also help multinational large cap stocks and foil any plan by the central banks to contain gold. If that were the case gold could rise substantialy as the gold sales falled to stop purchasing of gold stocks. Just a Thought...!