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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Alex who wrote (4386)12/17/1997 6:46:00 AM
From: Bobby Yellin  Read Replies (3) | Respond to of 116753
 
wow..is this the beginning of the turn...I think the stock market
in USA can now go for its final blastoff..if the dollar starts dropping then people might start saying that the multinationals might
become more competitive..since this bull market has been going on so
very long(I mean from 1984..not 94)the market will probably move
up as the powers that be start dumping their stock now and start
possibly moving it into Japan. (logically they would have to force the US market up to unload all the shares they acquired to get the best price and to tempt people into thinking clear sailing in the global economy..)
Also although I heard Lacey Hunt on
tv yesterday or day before say that he thought interest rates would
go below 4 1/2%(correct me if I heard wrong)..it would seem that
people might be moving out of bonds now and back into equities with
hopes of Japan becoming the next engine to pull the world economy. Now that Japan appears to finally take care of its problems...wonder if somehow since Japan doesn't have all the natural resources etc that the USA does, gold will strengthen as a pseudo backdoor exit in case Japan flops again..
still searching for answers as to why gold and the other formerly
precious metals do well..when Japan does well..help