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WELL I AM IN DOLLARS and gold has been marginal for years. If you look at
the charts, it would have been difficult to catch the brief rallies of the
last few years (world banks short sales, only to later cover when it went
below where puts where sold). It would be great if we could be everywhere
in the world markets in the right place, that rarely happens ala when each
stock market rises and peaks or when a currency moves for that matter. I
stand by what I currently believe, in the USA deflation is the risk, not
inflation (for the moment).
don ewers
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 14, 2001 8:42 AM
Subject: Re: [RT] Is the end near - Not for GOLD
> Wrong!!!!!!!!!!!! You are thinking in terms of the US dollar. Look how
much
> gold ownership would have helped if you where in Francs, SFrancs, DMarks,
Yen or
> any other of the worlds currencies. There are many places in the world
where it
> is illegal to hold US Dollars, yet not illegal to hold gold. Gold has
been and
> appears will remain the only truely international monitary instrument .
>
> Don Ewers wrote:
>
> > Stig O.
> > My immediate thought is "gold does not matter any more" ... right or
wrong?
> >
> > People still seem to like equities not hard assets? Also someone pointed
out
> > recently a big change in the make-up in the XAU that should not be
ignored
> > (?)
> >
> > I still potentially believe the concern should be massive DEFLATION
(loss of
> > personal "paper wealth") not raging inflation going forward and
therefore
> > gold will not perform as the charts may indicate, barring a complete
> > collapse of the system.
> > don ewers
> >
> > ----- Original Message -----
> > From: "Stig O" <olausson@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, March 14, 2001 3:34 AM
> > Subject: [RT] Is the end near - Not for GOLD
> >
> > > I just don't get it.
> > > What everybody is talking about, is wether they can pick the latest
bear
> > market rally, or if the bottom is in, when the real action is going to
be
> > in GOLD!
> > > Speculating (going long) in Bearmarket Rallies is the most dangerous
thing
> > you can do (even if you think you know what you are doing).
> > > And Nasdaq!!!
> > >
> > > Gold has broken the neckline of an inverted H&S pattern.
> > > So has XAU (and it lead the action as it should)
> > > http://stockcharts.com/def/servlet/SC.web?c=$xau
> > >
> > > Traditionally, goldstocks has risen when common stocks are in a
Bearmarket
> > and we ARE in a Bearmarket - right?
> > >
> > > Commmercials have been accumulating Gold and Silver since the
beginning of
> > 2000
> > > http://www.yardeni.com/megatrades.asp
> > > (look at the charts)
> > >
> > > Short term Lease rates in gold has touched a 2 year high
> > > http://www.kitco.com/lease.chart.html
> > >
> > > We have the biggest shortsqueeze in history comming up.
> > > http://www.gold-eagle.com/gold_digest_01/joubert031201.html
> > >
> > > Bank of England is having their last auction today (when price has
fallen
> > back to the neckline in the XAU)
> > > In the past, when price has fallen the days in front of the auction,
the
> > reaction afterwards has been bullish and v.v
> > >
> > > The evidence is all over the place.
> > > http://www.gold-eagle.com/gold_digest_01/schultz031401.html
> > >
> > > I Mean, there are tons of bullish indcators for gold/silver and people
are
> > still Bearish!!!
> > >
> > > While the Dow just penetrated the supportline DOWNSIDE of a 4 month
> > trading range which has been tested four times.
> > > And we just broke out DOWNSIDE from a BULLISH falling Wedge (which
usually
> > generates powerful moves int the direction of the break) and people are
> > BULLISH!!!????
> > >
> > > I just don't get it.
> > >
> > > Stig
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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>
>
>
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>
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