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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (41276)	11/12/2003 2:38:15 AM
From: macavity	Read Replies (1) \| Respond to of 74559

IMO. I do not have an answer, but have many opinions. One does not need to know what will happen, one just needs to know what one will do. My own 2 yens worth - not technical - is as follows: Gold fails to take out 410/25 -The Precther point as I call it - and turns back down, spending a year or so heading back towards the 325/15/? region. Goldbugs go crazy, spitting and cussing and complaining, then the real rally starts - multiyear !12+ years long. The bull market has really just begun! This is pure opinion as I trade by technicals anyway. If Gold heads down, IMO, Mr G is obviously draining the money supply and THIS IS REAL BAD FOR EQUITIES. It would be good for bonds as effectively it is The Japan Syndrome. If Gold breaks 425 then I feel that Mr G has opened the spigot to support this whole mess and this would be very supportive for equities. Inflation-a-go-go! -betwix The Devil and The Deep blue! Gold is bullish on the timeframes that I look at above the 370/65 level at the moment, it appears to be consolidating, but I need to see 392 taken out and/or some strength in $HUI : i.e. $HUI > 217. jmho -macavity