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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (50419)4/23/2002 3:37:10 PM
From: Jim Willie CB  Respond to of 65232
 
if FedFunds kept at 1.75% all year long, then HUGE for gold

a big phenomenon over the decades has been the extremely tight inverse relationship between real rate of interest and gold price
as real rates (3-mo TBill yield minus CPI) stays near zero, the lowend maturity bond holders are encouraged to seek other forms of investment

and gold has been the historical choice
since last autumn, real interest rate is around 0% to 1%
it might even be negative

Greensperm is wiggling frantically in a box
holding pat on 1.75% FedFunds fertilizes the Gold Garden
hold it for a full year, AHole

gold & silver in 2002-03 gonna be huge !!!
/ jim