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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Ron Dior who wrote (66782)	5/14/2002 12:29:21 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 99280

Are you certain this is not a bear rally? Fairly certain... 1) Gold producers are cutting back on hedging 2) The ME has is still quite volatile 3) The US dollar is overvalued by at least 30% 4) In any commodity based move the underlying stocks always move first. Saw the same thing when oil was back at $12. Gold stocks are telling everyone that gold is going to $350+. Beyond that who knows, but likely much higher imho. 5) Argentina and Japan are in deep doo doo. 6) Credit bubble has been building up in the US do to voracious borrowing by both consumers and businesses alike. Banks have been sloppy to say the least in their lending practices. Shit will hit the fan over the next couple of years. 7) Derivatives. 8) Lack of confidence in markets/accounting standards/brokers etc. Shift to hard assets is coming. 9) Liquidity. Market for precious metals and stocks in tiny. Doesn't take but 1-2% hedging by mutual funds in this sector for it to fly.