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


To: loantech who wrote (11236)4/2/2004 7:35:31 PM
From: russwinter  Respond to of 110194
 
<Russ is this bullish for the price of gold?>

Depends on the reaction to it. If inflation is ignored and undefended against (as most of us seem to think), gold will just move higher. I think the only thing that can kill gold is higher rates, and not just one or two little moves. Since I feel today's job report is largely bogus, I consider the USD rally a false move, as was the drop in gold. As I've said all along though, I'm using Eurodollar shorts as hedges on all my flucht in die sachwerte/crack-up boom plays, just in case their is a serious action taken. On gold stocks, especially late stage deposit juniors, I have a hunch there will be a big deal or two done soon, and that might light another fire under them.