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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5187)1/15/2004 9:52:58 PM
From: yard_man  Respond to of 110194
 
>>Every single time in our awesome young gold-stock bull to date when the HUI’s 50dma decisively fell, it was on a major pullback back down towards the index’s 200dma.<<

he needs to check his charts again

we had a decisive break last year which turned out to be a correction ... course maybe it is simply tautology -- he defines a decisive break as one that goes to the 200 dma? <g>

I'm done beating on gold for tonight ... I'll let everyone else sell it tomorrow, while I look at my shrinking account balance ...



To: mishedlo who wrote (5187)1/15/2004 10:14:19 PM
From: Jim Willie CB  Respond to of 110194
 
the key to gold is the Asians in the metals market
so far the JYen has not budged, bounced, nada
all the recent action in hte last few days has been in Euros

until I see the JYen giving back to the US$, I believe that gold will continue to see heavy support in Asia

I doubt gold will be under 400 for more than a couple of days
or couple of hours

/ jim