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

To: mishedlo who wrote (83356)	6/21/2002 11:22:38 PM
From: r.edwards	Respond to of 99280

Interesting charts, but they are not proportional, yes equity indexes are down ,,,and the gold prices are up., but percentage wise they are not proportional, the magnitude of the gold move vs. the equity indexes. ( the charts of gold price vs. the various currencies means very little, as you would exspect it to take more dollars of "any" currency to buy a rising value of any commodity, whether it be gold, gas , grain, guns etc.) such as , is there any chart of currency vs. the amout of gold it will buy that is not similar ? PPT

To: mishedlo who wrote (83356)	6/21/2002 11:22:54 PM
From: Chispas	Respond to of 99280

Mish, Jim really out-does himself in THAT ONE... financialsense.com

To: mishedlo who wrote (83356)	6/22/2002 6:57:01 AM
From: SirRealist	Respond to of 99280

Anyone who thinks the world's financial giants will let that happen quickly, I've got a bridge to sell ya. My charts indicate we are two weeks from a peak in gold, nearterm. I don't say it's all over then. But it'll be another coupla months before the next wave. I see gold at $440/oz within a year.... and possibly within 2 weeks. From there, I expect it'll be a few years before it spikes to any huge peak. In the meantime, one should assume that the JPMs of the world are having furious backroom negotiations with political leaders to shore up the paper money supply and to inhibit gold speculation. History suggests such measures can only succeed short-term though. Isn't there a FOMC decree due this week? It oughta suffice to create some wicked whipsawing in the next two weeks. My indicators suggest gold might need to be sold sometime Monday and bought back late in the week. However, there's enough unknowns out there that the safest play is to hold, tough out any spikes downward, knowing that the end result is higher than what the year has produced thus far. I remain partial to GFI and GG as both are unhedged, have relatively respectable PEs in comparison to others that contain more volatility but lesser fundamentals.