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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (4901)10/18/2001 4:25:47 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 33421
 
Watching those precious metals also. Trying to figure out a medium to long term strategy.
On one side, the longwavers fo which we are at the end on the cycle (bottoming 2014 + or 2 ans), a depression, characterized by a loss of values in both tangible assets (homes, gold,...) and non-tangible (equities,...).
On the other hand, Roger Cass, "the last optimist" expecting a sideways action of some years (2003-2005).
In-between, the FED. And the continuous rise of the Dollar Index (higher lows) since Oct 1998, even with fiat-presses money and lowered interest rates.

My current bias is down for the USD but also down for gold. (Back to the lows of $250). But not betting any chip on this, "don't fight the Fed": current strenghgt of the Dollar is against all my class books.