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

To: MythMan who wrote (28324)	3/26/1999 5:19:00 PM
From: Lucretius	Respond to of 86076

that came out this morning (the kiddies are pulling out all the stops to talk gold down... let's see we've had how many world leaders come out and threaten that the IMF should sell gold in the last two weeks leading up to Kosovo? All ocnveniently ally nations too? mmm? the traders' commitements were VERY bullish. I don't understand why the stocks didn't rally. We should head up on Monday. I'll leave it at that. I could be a day early again like I was w/ the bond mkt break... then again maybe just TOTALLY wrong.. but the fundamentals say we break down next week and gold soars. The only thing I can think of is that the mkt is waiting to see if Al will lower rates so specualtors can borrow more paper and buy more stocks and short more gold and keep this whole ponzi scheme going. who knows what this mkt is thinking. as Barton Biggs said this morning.. "its CRAZY"

To: MythMan who wrote (28324)	3/26/1999 5:23:00 PM
From: John Pitera	Respond to of 86076

Here is a gold outlook that I mostly agree with....short-term there is enough bearishness that we may see a rally. ~~ I have been putting off an update to Gold and Silver on my Web page waiting to see the enthusiasm on the next rally. At this point I would have to say that any bullishness that I have been tracking in the metals has now been exhausted in both the count and momentum and Gold is setting up for a fairly good decline over the next year or so. Here you have to look more at what gold has not done as what it has against some very good news. 1. Interest rates and Oil have risen off a bottom - suggesting some inflation is at work - bullish for gold. 2. The Japanese, Russian and Brazilian financial only boosted the U.S. Dollar 3. War in Kosovo should boost gold as a safety haven. My experience is that when a market can not sustain an advance in the face of good news then the next direction is down. As interest rates top out seasonally any indication of continued inflation should subside. Deflation is an enemy of Gold and we are on the edge of this accelerating. I would be looking for 200 gold before 400 although I would not rule out one flurry to give a shorting opportunity. Eric Von Baranov The Kondratyev Wave Theory Letters www.kondratyev.com~~~