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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (16547)	12/14/2002 2:07:34 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81484

Hello Tom, glad to see you back. >Gold and the dow did cross at very close to 1 or 1.5 back in 1980 or so when each were close to 800. Yes, you are right. In 1980 the ratio was around 1. sharelynx.net I just didn't want to be so "pessimistic" or is it "optimistic" as to forecast anything less than 5. I also noticed that the acceleration pattern on the ratio in +/-1996 occurred from around 10 and frequently an acceleration pattern on the upside marks the return point on the downside. I would think even 10, which could indicate a Dow of 5000 and a POG of $500, would be considered a very big move at this time. Here's a long term chart of the S&P500 which shows the acceleration pattern starting in 1995 from about 500. decisionpoint.com If I remember correctly, in 1980 there were very special circumstances which contributed to the high gold price and the low Dow --- high inflation, the oil war, OPEC wanting only gold for the oil and not dollars. At the same time the Hunts tried to corner the silver market. I think silver was near $50 an oz, or more, which must have impacted on the gold price.

To: loantech who wrote (16547)	12/14/2002 9:01:15 PM
From: Jamey	Respond to of 81484

250 S&P Corporations have borrowed huge amounts from employee retirement accounts. I'm not a market technician but caught a good interview with one on a tv discussion about the fact that 250 large cap companies on the S&P 500 owe billions each from borrowing from employee retirement funds. He claims that the funds are due first of the year 2003 and they have to be reimbursed to those retirement funds. He said in this case, FED bailout would not be available due to the large number of companies in this situation. He predicted that they would have no way out, especially due ti the debt loads that they have. He said there would be many of them going bankrupt in 2003 because of this. You can easily surmise what this will do to the whole stock market. Santi