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Copper often leads Gold, as does Oil.
With all of the harsh words coming out of the Arab States, we could soon see
$40 bbl Oil prices,
which hopefully will finally crack the Dow to the downside, then with it,
will go the US Dollar,
then maybe, Gold will get up and rise (there are a ton of shorts that will
feel much pain when prices start to
motor higher).
So far, only Corn and Coffee are in upward trends. Soybeans and Cocoa are
in a downtrend, and Wheat is in a wide trading range.
----- Original Message -----
From: "Ira Tunik" <ist@xxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxx>
Sent: Sunday, October 22, 2000 10:03 PM
Subject: [RT] Inflation
> Everyone seems to believe that inflation is not a problem. I have
> mentioned in previous posts that the government figures show low
> inflation, but that the cost of living keeps going up at an accelerated
> rate. There seems to be confirmation that this is going to impact us
> very soon. I have not gotten buy signals on the AD or the CD as yet,
> but they are setting up for a buy. If that comes to pass, then look
> out. These are both hard asset based currencies and if they start to
> run, it will be a strong indication that the inflationary fires have
> been ignited. Look at the metals stocks, they usually take off before
> the futures. We didn't get $6 oil and I don't believe that we will get
> $100 gold at this time. Then will it be time for the grains? Just a
> note to be wary. Have a good week, Ira
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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