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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (9409)	7/16/2004 4:30:58 PM
From: orkrious	Read Replies (1) \| Respond to of 116555

"Tell me lies, tell me sweet little lies, tell me lies." speak of the devil, I just bought tickets today. they were $92, up from I think $80 for The Dance tour. but there's no inflation <g> ticketmaster.com

To: Knighty Tin who wrote (9409)	7/16/2004 5:12:52 PM
From: mishedlo	Respond to of 116555

“Soft” June – Noise Or Signal? northerntrust.com

To: Knighty Tin who wrote (9409)	7/16/2004 5:13:44 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

Date: Fri Jul 16 2004 14:40 trotsky (frustrtated @SA stocks) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i'd say they represent value here, since trees don't grow to the sky. i.e. the Rand won't go up forever. very likely it's now in the speculative blow-off phase though, so there could be more pain in the short term. also, it's unfortunately likely that when the Rand finally succumbs, gold will also decline. trotsky (frustrated@USD) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved unfortuately there is good reason to expect a rally in the dollar soon. for instance, the hedgers have a very large net short position in the Swiss Franc now - right at the extreme end of the short/long net exposure channel of the past 10 years. of course, sometimes a trend continues for a while in spite of such extreme positioning data - but i take the Swiss Franc CoTs as yet another warning sign w.r.t. gold related investments. note also, throughout the recent rally in XAU/HUI ( excuse for a rally really ) we haven't even had a single really decent up day...which is one of the things we need to dispel the impression that this is just a weak bear bounce. btw. from a technical point of view it does not matter if the 'reason' behind the divergence is the strong Rand or something else.

To: Knighty Tin who wrote (9409)	7/17/2004 2:07:41 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 116555

NYC unemployment rate rises at 7.8% New York City's unemployment rate rose for the first time in four months, increasing to 7.8% in June from 7% in May, according to seasonally adjusted data from the state Labor Department. A year earlier, the rate was 8.3%. The Labor Department's chief economist, Stephen Kagann, called the rise a statistical anomaly and not necessarily an indication that the economy is weakening. He noted that claims for unemployment benefits declined in the city in June. City Comptroller William Thompson cautiously echoed the optimism, saying that, “The rise in the unemployment rate is possibly a good sign if it means that previously discouraged workers are now back in the job market.” However, Mr. Thompson noted that 32,300 more New Yorkers were looking for work in June and couldn’t find a job, bringing the total unemployed to 288,400--the first increase in the number of unemployed since January. At the same time, the city gained 3,500 jobs—a 1.2% annualized increase compared with May, seasonally adjusted. That compares with a 1% increase for the nation. The private sector gained 6,100 jobs as the government sector lost 2,600 jobs. Copyright 2004, Crain Communications, Inc