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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (39869)	5/8/1999 4:15:00 PM
From: Lazarus_Long	Read Replies (4) \| Respond to of 94695

<< how fast gold rallies >> Gold rallies??? Have you heard the Bank of England is planning on selling $415B of its reserves? (I believe the number is $415B. The BofE has $715B total; it's possible they are planning on selling $300B, leaving $415B; can't find the article right now.)

To: Lucretius who wrote (39869)	5/8/1999 5:25:00 PM
From: Lee Lichterman III	Respond to of 94695

You keep mentioning that you think Gold will rally. I assume you DO know that the UK is planning on selling half of their gold reserves and the first 125 tons will start going on sale in incrememts of every other month as of July. While I agree we are in a stock market bubble and anything is possible as far a drops are concerned, bonds crashing causing rates to go up etc. I think the chance of gold shooting up too much are slim with IMF sales, Britain dumping etc. EDIT - Just saw that this was already addressed, disregard Good Luck, Lee

To: Lucretius who wrote (39869)	5/8/1999 5:56:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

LT, Forget gold for several reasons... JM and I picked up the gold article and I can tell you gold is down and down to stay unless China nucs us! Also, from what I understand, the relation between gold and bonds is 9 months (now THERE's a coincidence!), gold bottomed August 31st of last year. That puts interest rates highest near June 1st... by which time I would think we would be in the middle of a BK. Trend beakdowns are occurring NOW based on the move starting with the early Sept bottom. Historically, I have usually been early with my BK calls... not so sure I will be that far off this time... Wednesday may be early for the start but Monday may be late... hard to call it any closer than that. All the caveats apply including IMHO, BWDIK and for any J6P reading this "DON'T BTD!" Bill

To: Lucretius who wrote (39869)	5/9/1999 10:52:00 AM
From: dclapp	Read Replies (2) \| Respond to of 94695

LT, thanks to you, bill, don and all the others for the great posts on this thread. I find the comment "why would anybody want a BK?" interesting. Here's my take: A market that isn't just isn't safe. And a market that isn't safe isn't a good place to invest capital. And I enjoy investing! I like TA and spend much time on it, but I'd rather be an FA guy, and I hope that FA is someday again a useful method for investing. At the moment, I'm mostly cash, except for a SPY short. Shorting SPY is not my idea of "investing," but ya do what ya gotta do, I guess :-) Thanks again, guys! doug