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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: blind-geezer who wrote (4827)4/24/2004 9:16:24 PM
From: TH  Read Replies (1) | Respond to of 60918
 
bg,

Understood.

The gold story is going to get very interesting in the next 110 days. 2 FOMC meetings. IMO Alan Greenspan is trapped. The carry trade has already interpreted his latest comments as, "still more time", and basic greed will keep that game going to the 11th hour. IMO Alan will not have time to increase rates fast enough to offset inflation. Gold will reflect this gap between the nominal rate and the real rate.

I don't think this is any secret, and maybe its why gold held 390 last week.

Good Trading.

TH