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This is the end of the quarter and the fund manages bonuses are based upon
gains and losses in the quarter. Give them the credit for the rally and
larger take home checks for the quarter end performance.
"M. Simms" wrote:
> Gold stocks, as represented by the XAU Gold and Silver index, have
> gained just over 10.0% over the last four trading days, and the yield
> curve (30 year over 2 year) has steepened by 8.7 basis points over the
> last 2 days.
>
> Can he equity market continue to fight these negative counter-forces ?
> It's been amazingly bouyant....climbing those "walls of worry".
>
> If that yield curve steepens any more.....it may fall over backward (along
> with the economy) !
>
>
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>
>
>
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