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


To: Jim Willie CB who wrote (51866)5/21/2002 9:52:25 PM
From: t2  Read Replies (1) | Respond to of 65232
 
Why is Gold spiking up afterhours? I don't see any news.

It just may be a bit of a delayed reacton to the terrorist threat....and especially the fear of terrorists getting nukes (as Rumsfield pointed out today).

Scary thought. One has to think about it for a while before realizing how frightening this really is. That is how I felt it..during the day it was no big deal to me, probably because I was busy trading...but realized this evening how serious a concern it is.

(and I would note that the dollar is actually stable afterhours; so it does not seem to be a currency related move this evening)



To: Jim Willie CB who wrote (51866)5/22/2002 1:19:27 AM
From: Cactus Jack  Read Replies (2) | Respond to of 65232
 
JW,

Want to see an interesting chart? Hope you're sitting down when you look at this comparison of 20-year bear in Gold with 1930s Dow chart:

thegoldbull.com

jpgill