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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: seventh_son who wrote (30702)	4/15/2005 3:29:21 PM
From: Taikun	Read Replies (5) \| Respond to of 110194

SS, I don't see where GLD has impacted the POG to the upside and I certainly don't see how lift-off is achieved in gold without winning over the masses. If you want any kind of move like real estate has experienced you will need to appeal to that crowd and it must occur when there is liquidity. To try to make it happen when liquidity is leaving the system, and investors with excess liquidity will be well-compensated (eg bond yield rising) in traditional investments will be challenging if not impossible. After the commodity cycle comes the bond cycle, and the trappings of the next bond cycle (for investors) is coming in the form of high yields. Are you somehow trying to tell me that in the bond cycle, when yields are 6,7,8%, that investors will shun bonds for zero coupon gold? When the gold lease rate is competitive with bonds, maybe, but in an inflationary environment, the opportunity cost of holding gold will be too much to win over the herd that gold needs. D

To: seventh_son who wrote (30702)	4/15/2005 4:12:45 PM
From: Skywatcher	Respond to of 110194

Dow down 420 pts in three days to end at year low By Mark Cotton NEW YORK (MarketWatch) -- U.S. stocks ended at their lows for the year Friday, with the Dow Jones Industrial Average tumbling more 400 points in three days, in a week dominated by concern over a slowdown in the economy. The Dow Jones Industrial Average ($INDU: news, chart, profile) fell 198 points, or 1.9% to an unofficial close of 10,080, the first time the benchmark index has posted triple-digit declines three days in a row for more than two years. The Nasdaq Composite ($COMPQ: news, chart, profile) slumped 38 points, or 2% to 1,908.67 while the S&P 500 Index ($SPX: news, chart, profile) dropped 20 points, or 1.7% to 1,142.39. and UNofficial CLOSE as the DOW ticker JAMMED with 5 minutes to go....I saw MINUS 200 at LEAST...and with the 10000 mark going down the drain on opening MONDAY.... it's a commentary on this administrations COMPLETE LACK OF REALITY ON GAS PRICES and THE DEBT....WHOLLY on THEM! CC