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

To: mishedlo who wrote (97223)	7/22/2002 7:15:04 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

So, did you sell your golds at the open as you wanted? I hope you did. Gold stocks (like GFI) got pummeled today.

To: mishedlo who wrote (97223)	7/22/2002 11:58:12 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 99280

gold rallied from last early autumn up to May this is right thru its high season and with some follow thru as the dollar fell out of bed the gold consolidation will take longer than just the past 4 weeks I think it woke up with the near zero Real Rate on shorterm TBills, now 1.75% that is its traditional wakeup call, seen last autumn 2001 in every instance since WW2 whereby the Real Rate remained near zero for a stretch of several months, a gold bull rally ensued for a few years at least it enjoyed a stealth bull rally last autumn leading into its strong season it followed thru with the dollar falling out of bed this spring not so surprising, to profitake and consolidate in its low season lastly, with this free money Fed policy, we have begun the next new cycle the emphasis and objective for the Federal Reserve will now be to REFLATE they have obstacles now with strong deflation but if our nation and its banking system is to prevail, the Fed must win and bring back some inflation gold likes that take it easy any comments would be welcome / jim