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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (96225)	11/10/2003 11:42:12 AM
From: goldsheet	Respond to of 116764

> Apparently the Mint is buying "somewhere". Domestic sources, like gold AEs. SUPPORT OF AMERICAN EAGLE SILVER BULLION PROGRAM ACT Public Law 107-201, 107th Congress frwebgate.access.gpo.gov

To: Chispas who wrote (96225)	11/13/2003 8:09:12 AM
From: Chispas	Read Replies (1) \| Respond to of 116764

Fed Must Like Gold Another rally for stocks pushed the averages back to their recent highs. Tech stocks were hot once again and one gets the feeling that the market is in its frenzy mode as money floods into the market. The Fed keeps giving signals that it is going to keep rates low. That is like their new mantra. Even with gold testing $400 an ounce and closing at its highest level in seven years wasn't enough to clue people in that there could be inflation concerns building. Silver rose 5% and the XAU index hit a six year high. Oil remained well over $30 a barrel and the CRB index closed at a six year high. At the very least you would think that all of this would at least be worth a discussion over how it is possible that future inflation is in the pipeline. But right now all Wall Street (and the Fed) cares about is low rates to pump things up as much as possible. The thought that rates are going to have to be raised (sooner than folks think) is not yet realized by the stock market. The U.S. dollar dropped again and is back down near its recent low. Seems like everything but the stock market is catching on. Yet there still hasn't been a breakout from recent highs. I can help but get the feeling that things are building to a climax. Perhaps there will be one more big rally. A day where everyone will just jump in and the few Bears (are there any left?) will capitulate. This doesn't have to happen. The rally could just end with a one-day reversal or suddenly with a big drop. Most like the rally will end when Wall Street can no longer ignore that the Fed is not going to be able to keep rates at rock bottom for much longer. Sooner or later the dollar is really going to come under pressure and gold going north of $400 an ounce is going to attract attention. Not to mention the trend of other commodities heading higher. (Fiend's SuperBear Market Report, 11-13-03) fiendbear.com