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

To: goldsnow who wrote (28203)	2/14/1999 2:52:00 AM
From: Alex	Respond to of 116764

From the Privateer................ Please remember, ever since the financial crisis began, Treasury bonds have been the ultimate benefactors of every "flight to quality" as the currency and markets of one nation after another imploded. The climax of that flight to quality came as the US and European market threatened to implode five months ago. But as soon as the U.S. and the Fed stepped in directly to "fix" the system, bond yields began to rise. They are still rising. At the same time, the long-term moving average on $US Gold flattened out. It is still flat. The pressure is building. A short-cover rally on Gold could begin at any level from about $US 293 - the 100 Day MA presently stands at just below $US 293. We cover the reasons behind, and the implications of, this bond yield rise in the upcoming issue of The Privateer. Suffice it to say that every basis point rise in Treasury bonds puts more pressure under the Gold price. We are getting close to a break in the doldrums that Gold has suffered through for so long now. Unless there is a very concerted effort to push Gold down, that break will be UP. Silver, and to a lesser extent Platinum, have already shown the way. the-privateer.com