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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Challo Jeregy who wrote (4623)10/24/1998 1:51:00 PM
From: Lucretius  Read Replies (4) | Respond to of 14427
 
(G) No think tanks for me... too much thinking (G)

Thanks to all those that responded about gold. Pretty much what I wanted to see. Most (if not all) of the pure traders have been washed out. Others are holding but have sold calls or are just nervous... as it should be. I still think ASA could pullback to the 18 area in a panic spike and the XAU back to 64, but theymight not and we very well could have seen all the damage done in this pullback already. The next move down in the stock mkt and the up move in gold will coincide (dollar will start a new down leg) the long bond willmost liekly bomb as well. UTIL will continue to selloff as the bond mkt gets trashed. Hope all of you are hanging on to your UTIL shorts.

-Lucretius