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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeff who wrote (9717)10/7/2002 5:01:06 PM
From: SunSunM  Read Replies (1) | Respond to of 30712
 
Jeff,

TOKYO, Oct 7 (Reuters) - An air of panic swept Japan's financial markets on Monday as investors, fearing mass bankruptcies under Prime Minister Junichiro Koizumi's bank reform plans, hammered Tokyo stocks to a 19-year low and sold the yen...

biz.yahoo.com

,and Brazil potential defaults

Black Monday in October is getting more likely.

However, gold still suxs <ng>

KC.



To: Jeff who wrote (9717)10/7/2002 6:19:37 PM
From: mishedlo  Respond to of 30712
 
if gold doesn't explode then....it never will....

IMO is Gold gonna get crushed as soon as we have a multi-day rally.
If JPM has any brains at all (perhaps they will be forced) they will close their gold short book.

Then we can see a rally.
One more trip to 300 to shake out all the weak holders.
Then and only then does gold rise.

Gold rally could be very powerful if we get a 200 point retrace and huge gold selloff. That will be the LAST good time to buy IMO.

Gold should take off on the fall to naz 800 or whetever.
Profits should be substantial at that point.

M