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Gold/Mining/Energy : Cartaway resources -- Ignore unavailable to you. Want to Upgrade?


To: Zardoz who wrote (2146)10/1/1998 12:07:00 PM
From: John Paquet  Read Replies (1) | Respond to of 2505
 
Fed Chief Alan Greenspan talks about LTCM hedge fund risks and asked Rubin to speak on how to management this hedge fund risks. US dollar hit new low 95.04 gold walked through that important barrier of $300.00 with ease, a flight to quality and save-haven status; in fact gold traded above that 200-day moving average, every trader is talking about if gold could hold this $300 gold will break that $316 any time soon. Fed is talking about bailing out LTCM hedge fund crisis, G-22 will be forming international financicial architecture this Sunday. hope this will save this crisis. XAU hit 79. Dow Transportation hit 2575. New low by breaking that 2616. I remember you are believer of that Dow theory. If Dow transportation went down new low, so will dow be. That is Dow might go down to that 7500. Yeah!! Dow down -237 yesterday, this morning down another 200 now down 120.60.

YAHOHOHOHOHOHO!!!!!! FROM this I see market is shifting from sector to sector. Surprisingly, US 30 year treasury is the best performer, that yield went down to 4.88% this morning, the best flight to quality ever.
Sorry I get to quit right here cuz Rubin is making speech, I get to listen what he will present, also World Bank Chief will speak also.