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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (19587)	2/13/1999 9:31:00 PM
From: Lucretius	Read Replies (4) \| Respond to of 86076

I've been debating whether to post this or not until I was absolutely certain for fear of laughter from Myth if I was wrong -g- (I was fairly certain Fri after the BOJ made their announcement after Japan's close) but after talking to a few people and checking some things this weekend... I think I can safely say that if you own puts and gold stocks.... you're gonna be RICH. (assuming that you do not sell too soon... ho ho ho) The party is OVER!!!! (finally!!) Japan's bond mkt will likely crash on Mon and get even sillier on Tues pushing yields up, up and away, meanwhile the dollar will be dumped everywhere. We will gap down in both the bond and stock markets Tues morning. Gold and silver will gap up. Other commodities will bounce, but they should be SOLD as they will hit new lows this Summer once a US recession is priced into them. Drillers should be bought at new lows they hit this Summer and their bounces sold. We should see selling for several days until we get oversold and then shorts come in and cover. Then we get what I call the sucker/previously-burned-shorts-who-cover rally similar to the one we had in '29. This probably lasts for a week (max) then we roll over and stocks and bonds CRASH somewhere around March 1st (your guess is as good as mine for the bottom). Gold stocks will pull back during the actual crash, but they should be BOUGHT. Easy Al cannot print his way out of this one w/ rising gold prices and falling bonds. his hands are tied. As a friend of mine smiled and said on Friday after the close..... geocities.com as I said Friday... this pig is bacon. well, my work is done, and time for me to go out and PARTY!!! all in my drunken opinion... -Lucretius