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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (1208)	9/7/2001 7:48:06 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 36161

if you take the 73-74 period prior to the last gold bull.. interest rates were being cut while gold languished.. once the dollar was defended and rates hikes began gold did its run to 1979-80. barring a total complete capitulation in confidence.... it may well take an interest rate reversal instead.. as the crow flies.. we won't be that far away particularly if the dollar has a collapse on its own. that's my current outlook (speaking for myself).. the lease rate stuff is a non starter. there's a bigger picture at play seems to me. however, the fact that we've had some stability of sorts despite the massive deflation underway.. well... there's an emotional support for a position for those who wait. if that fails... then everyone will have been simply, early. Until more of the safe haven bond crowd are driven to gold shares/metal, it's justifiably doubtful we will do more than maintain some equilibrium. Other things may drive them out of their caves before interest rate hikes do. The unusual circumstance making the gold case either way, is that equities will still not be an alternative option for safe haven seekers.