Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: macavity who wrote (48559)	4/14/2004 8:34:38 AM
From: rolatzi	Read Replies (1) \| Respond to of 74559

Gold is down again -$7.70 this morning in early trading. It is below $400 an important psychological number. It has risen back to $400 in the last few minnutes. In looking at chart of closing prices, there is a line of support down at $398. Longer term, 200dMA has been supportive as well. That would imply a close of $383 to keep the gold bull intact. Ro

To: macavity who wrote (48559)	4/14/2004 2:48:59 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<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. > I think Prechter thinks we're still in a Gold cyclical bear from the 80's and he's waiting for it to bottom in the 200's somewhere. <If so then it is saying that USD_M3 is about to head south no matter what Mr G does.> Agreed, but the fed has stated that longer term, they will do what ever it takes to keep MS growing. So while I agree we could have nasty whack in all asset values, a few years into it the Fed would be buying stocks, bonds, houses or whatever they have to. The $US is probably doomed under a depression scenario.... Heinz points out the possibility of a printathon like Germany had... I agree. < am finding it hard to square Rising long-term rates and a Falling Gold price. > I think there are a lot of speculative longs in the gold market. IF the above were to unfold there will still be periods where it LOOKED like the fed couldn't grow MS no matter what they did. But like you said... WTFDIK! DAK