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

To: LLCF who wrote (48535)	4/14/2004 3:01:04 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

stop talking dirty :0)

To: LLCF who wrote (48535)	4/14/2004 8:28:37 AM
From: macavity	Read Replies (3) \| Respond to of 74559

$AU ~ 420/430. The Prechter Point! If gold turns down here ($AU < 385/0) then Prechter is Da Man, as I believe that we would be having a (CYCLICAL) gold bear and possibly USD bull. There is a lot pointing that way at the mo, but we aint there yet. If so then it is saying that USD_M3 is about to head south no matter what Mr G does. If 430 was/is to be support then it would have meant that Mr G had managed to generate enough inflation to keep things afloat. $AU<385/0 is not good news for holders of assets IMO except for Government Bonds. If we get AU's 55wk ema acting as resistance and quarterly highs and lows descending then God help the next Pres talk himself out of the economic mess. I am finding it hard to square Rising long-term rates and a Falling Gold price. One of these will have to change if The Market believes that either we are witnessing inflation. The only other conclusion I could have is that we could be in a genuine economic recovery [Laugh out loud!]. Who knows? Not me! -macavity