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The number is nothing special it's just the 100% market day cycle
from the prev two lows. I just thought it was quite interesting that
it falls on the same day as Stigs planetary observations.
I believe that the "but there's no inflation" crowd is about to be
relieved of the only excuse left for this market to go up.
Gold is not a lagging, but a leading indicator of inflation and
if it starts a new bull trend now, it will probably take until at least
mid October for everyone to realize, there are no reasons left to be
bullish right in time for OCT 20 anniversary.
A few points: did the russian gold selling scare phase the market?
Barely, why would they sell the only asset that's
holding it's value, to trade it for falling U$.
I think not.
CRB INDEX CYCLES: AUG 12 was a .618 time retracement
SEPT 11 100%L-L-L
SEPT 17 2584 FIB from 1988 high
good luck all,
Jerry S.
JER3CUBE@xxxxxxx wrote:
>
> In a message dated 9/3/98 3:43:20 PM Eastern Daylight Time, zaz@xxxxxxxx
> writes:
>
> <<
>
> SEP11 is a 1537 day 100%L-L-L cycle in the CRB index,
> maybe this is the big gold bottom, and the beginning of
> inflation.
> Jerry S.
> >>
> I DON'T DOUBT YOU IN THE LEAST. Can you explain what is meant by
> 1537 day. How is the number derived? THX, GerryB/jer33:3/eccl 1:9
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