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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (5136)7/18/2003 4:20:29 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 5423
 
best friend for gold investors now = BOND VIGILANTES

they will be coming out in force over the next 12 months
when they do, bonds will falter from this topped out pattern
and money will seek stocks
at first, stocks will benefit
but later, when the economy fails to deliver either a recovery or sustained earnings, both stocks and bonds will slide

then we have a full year of "hat trick days"
e.g. falling stocks, falling bonds (rising yields), falling USDollar

the last hat trick day was the day of the Fed Open Mouth Committee
when GreenScheiss cut rates by 25 bpts
bonds began on that day to see the light of the oncoming freight train
its locomotive reads: ** PRICE INFLATION **

THE FED HAS OVERSHOT IN EVERY SINGLE CYCLE UNDER GREENSPASM
THIS TIME IS NO DIFFERENT
HE WILL KEEP THE MONETARY SPIGOTS OPEN FOR A LONG LONG TIME
HE HAS NO FUCHING IDEA WHAT HE IS DOING RIGHT NOW

/ jim