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Don't bet all your money on that one. The firms may change their
allocation, but when the public runs, it hides its money under the mattress.
Look out for accelerating margin calls. Take a look at how many mutual
funds were left after the slide in the 70's. Your starting to see
some hedge funds go under now. If they have to liquidate, no money
is going into bonds. Trade what the chart tells you is happening
and stop trying to link one index or commodity to another's action or reaction.
I have seen too many people lose to much money doing just that. Fundamentals
a fine, but only price action in your direction will make your wallet bulge.
Good luck. Ira.
<p>T-Bondtrader wrote:
<blockquote TYPE=CITE><style></style>
<font face="Arial"><font size=-1>With
the Spoo determined to come off, the bonds clawed their way unwillingly
up the hill, to close well off their lows. However, with the
NASDAQ 287 down and the S&P over 34 down, the bonds may well become
the flight to safety and the retracement Ben is looking for become a reality
a little sooner than expected!</font></font> <font face="Arial"><font size=-1>Difficult
times for the long term outlook, but much is going to depend on what the
PPI and Retail Sales figures are at 7.30 tomorrow. It should certainly
create some movement in the bonds - which way doesn't really matter - so
long as it moves and doesn't stall...</font></font> <font face="Arial"><font size=-1>I
think that Greenspan is talking tomorrow isn't he - that could be oil on
troubled waters? Anyone know what time, please?</font></font> <font face="Arial"><font size=-1>Bill
Eykyn</font></font>
<br><font face="Arial"><font size=-1>www.t-bondtrader.com</font></font>
<br><font face="Arial"><font size=-1>"Learn to read the tape"</font></font> </blockquote>
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</x-html>From ???@??? Wed Apr 12 21:08:53 2000
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Date: Wed, 12 Apr 2000 20:55:02 -0700
From: Ira Tunik <ist@xxxxxx>
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Subject: [RT] Re: Gold -- Ready to Break Out
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Status:
It depends on your reference point. Gold has been rallying if priced in
yen, marks, BP et.al. If things happen as usual in the gold market, the
stocks will fly first. that is the place to look for the first hint of a
major move.
JW wrote:
> Everyone seems to still believe that there is a connection
> between gold price increases, increasing inflation & market
> crashes. But there has been much published in the last year
> about the fact that gold is not longer connected to these
> factors in today's markets. If so, then gold might actually
> go down, rather than up, confounding those still clinging to
> old paradigms.
>
> JW
>
> -----Original Message-----
> From: listmanager@xxxxxxxxxxxxxxx
> [mailto:listmanager@xxxxxxxxxxxxxxx]On
> Behalf Of Owen Davies
> Sent: Wednesday, April 12, 2000 12:45 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: Gold -- Ready to Break Out
>
> Bill Eykyn observed:
>
> > In the chart above, James, you reckon that gold is going
> to break to the
> north.
> > In the bonds, such a wedge would make me think it was
> going in the
> opposite
> > direction - south! I appreciate that gold is at a pretty
> low price, but
> is it usual
> > with this commodity for the break to be against the angle
> and not the
> flat?
>
> Actually, there's an even better reason not to go long.
> Monex is on TV
> selling
> gold to the civilians again. Sure sign of a shorting
> opportunity!
>
> Owen Davies
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