To: Snowshoe who wrote (1841 ) 8/16/1998 4:50:00 PM From: Lucretius Read Replies (2) | Respond to
That XAU remind you of anything? Take a look at the CRB, NIKKEI, 30-yr bond and POG on a 20 yr basis. You'll see some REMARKABLE similarities and I think get a sense of where the NIKKEI, CRB, POG, and 30-yr bond are going by looking at the XAU which leads the POG. Notice last week's new high in bonds was not confirmed by a new low in the POG. CRB is close to a bottom, I've heard of many investors liquidating their commodities because of margin calls in the equities mkt..LOL!! Take a look at the CRB and you'll see the crash that we are in for in the stock mkt. The CRB has literally launched off a cliff since '97. How perfectly perverse, these forced liquidation margin calls force investors to sell out their commodities for dirt cheap in order to hold onto bloated stocks. HA!!! HA!! ROFL!! Just when everyone is looking for the Yen to collapse and the dollar and bonds to soar..... people are in for a big surprise!!! and it won't be good for the US equity mkts either.
