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


To: Eric Maggard who wrote (27580)2/2/1999 4:41:00 PM
From: Zardoz  Read Replies (3) | Respond to of 116791
 
The silver "Rally" {and it does look nice} looks like another Buffet effect run. But still looks like a very nice rally. Wonder if it'll last three days?

Bonds going down, while the DOW going down, is a sign of market over bought to me. I still see the big correction occuring in April, not now. Think the funds will run the markets before fund season occurs. It's in their best interest to flood the money into the markets. This could be some money hitting the sidelines, or for shorting purposes, or scared money fleeing to bonds while foreign outflows occur. The outflow of capital was large today. I wonder if the FED is lowering M2 and undermining bonds. Bonds looked scared today. I still believe that the next move for the FED is hirer, not lower. I wouldn't buy bonds.

Guess the cash flowed back home to japan today. Yen moved fast today. I would not want to be in Japan when the cash inflows stop, or slow. The US dollar index has come up from 93.3 to over 96. so a back drop to 95.5 is within it's range.