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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (21490)11/7/2002 11:58:25 AM
From: Jim Willie CB  Respond to of 36161
 
dollar breakdown moves into 2nd gear
now at 105.0
a full 100 bpts lower than when Fed cut rates
this is the big risk of reducing interest shorterm rates
the FOREX is a very unforgiving vicious market

quotes.ino.com

my guess is gold stocks wont move until European monetary policy is made clear
those guys are some of the stodgiest goombas around
still fighting the Weimar inflation ghost battles

TENS yield not moving much despite 150 pt Dow loss
TENS yield down 11 bpt to 3.926%
this means to me that money is leaving the country from stocks and not entering bonds
and of course, money domestically is moving from stocks back to bonds

I expect the rebalance from bonds to stocks to get rocky soon
and the reverse flow to get rockier
at that point, the widespread confusion increases markedly

/ jim



To: ItsAllCyclical who wrote (21490)11/8/2002 11:16:26 AM
From: Canuck Dave  Respond to of 36161
 
I'm watching the dollar and gold and thinking one of them has to blink.

Otherwise, gold in Euros and Swiss Francs gets mighty cheap!

CD