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

To: sylvester80 who wrote (96794)	7/21/2002 10:13:04 PM
From: Smart_Money	Read Replies (2) \| Respond to of 99280

Wrong, IMHO. Consider gold a buying opportunity if the Governments stops rigging the price. Gold basing.

To: sylvester80 who wrote (96794)	7/21/2002 11:10:35 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 99280

gold is rangebound during its wellknown low season of course, no gaurantees of anything but all gold experts foretold that July would NOT see any big rise or continuation of a rise they were right they spoke of a consolidation phase during the summer they got it all gold experts foretold that #300 would possibly be challenged in July after a run from #280 to #330 so far #310 has held not as bad as feared Sylvester, July is the lowest of the low gold months we will find out in the coming months if continuation comes I think it will apparently you steadfastly are unimpressed did you notice that gold rose on Friday? gold may have finished its low July month I kind of doubt it but if so, most welcome the gold index charts are showing some nice consolidation and perhaps even a nice new platform for the next run what you SHOULD be wondering, is ..... what is the UNREVEALED reason for the Dow and S&P decline? the obvious reason has to do with fraud, accounting, trust, mgmt largesse even my stupid ignoramus neighbor has that figured out stock markets are never that simple what you SHOULD be wondering, is ..... what will be revealed in future months? what will the big surprise be? do you have any guess? any light to shed here or elsewhere? my guess is a very detrimental effect from the USdollar decline so far we have seen none it will come from the banking industry in foreign nations I believe since 75% of world banking reserve assets are in USTBonds, that this will cause shock waves I believe that their currency appreciation will bring about a serious profit margin pinch for Asian exporters the Asian banking system is in tatters in China and Japan and not too strong in HongKong, Taiwan, and Korea either we will see, wont we? but one thing is for sure stocks dont move with reasons slammed on telegraph billboards / jim