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

To: nspolar who wrote (5380)	4/29/2004 4:15:05 AM
From: crustyoldprospector	Respond to of 60910

I think it's important that stocks, bonds, and metals all went down yesterday. That trend should be watched. With all markets heading down and dollar heading up, looks like the scent of systemic risk is hitting the market. POG suffering because it is driven by hedge fund paper, not physical. Here is an interesting chart: bigcharts.marketwatch.com Notice how action in the XAU is mirroring 3mo T-bills, with a 1-2 week advance. Based on XAU action yesterday, looks to me like there will be another spike up in interest rates in the coming days, and I doubt Mr. Market will like that. USPIX says NASTY not even close to a bottom here. If that turns out wrong, then the blast to the upside in NDX should be furious, while USPIX wanders back into oversold land. Don't see that happening given all the calls being bought and the interest rate forecast looking gloomy. We'll soon see. I'll either make a killing or get hammered big-time ... high stakes for me. Regards, crusty