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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 (8516)	2/23/2004 7:57:09 PM
From: marginmike	Respond to of 110194

Midh I agree 100%

To: mishedlo who wrote (8516)	2/23/2004 10:30:14 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 110194

>> If you really think a hike is coming I would advise bailing on gold right now << Don Hays had some very good analysis last week saying otherwise. His basic argument is that the Fed is already too late in raising rates and given the inflation data both gold and rates should be rising now. His thinks the current action of hitting gold because of high CPI #'s (helping the Dollar due to a rate hike) is irrational and short sighted. FWIW. I agree with his analysis, but I'm not doing it justice. You have to listen to the whole call.

To: mishedlo who wrote (8516)	2/24/2004 9:06:28 AM
From: philv	Respond to of 110194

"Well IF the FED were to hike as everyone thinks, GOLD would be the last place you would want to be." Not necessarily imo. Yes, if the reason for a hike is because of a wonderfully expanding overheated profitable market. But if the rate hike is because of other reasons, such as inability to satisfy US debt requirements, or if the increase is related to an event such as a sudden increase in the price of oil, then perhaps no. Or if for any reason, a run away inflationary condition exists....no. In other words, if problems exist in the economy, and rates go up, gold may do very well.