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vix outside the hurst bands (clyde Lee's ela)
could be ready for that "temporary" move
chasw
(but listen to Ira, be prepared)
Subject: Re: [RT] Markets
> Hello Ira
>
> oil has topped out (temporarily)
> stocks have bottom (temporarily)
> bonds have bottomed (temporarily)
> oil, gold , crb, all are in a MAJOR bull market, inflation IS back
> this is an OPPERTUNITY to get long on this pull back
> Ben
> ----- Original Message -----
> From: mr.ira
> To: Undisclosed-Recipient:;
> Sent: Wednesday, March 16, 2005 3:08 PM
> Subject: [RT] Markets
>
>
> I have some interesting questions based upon my charts. If oil doesn't
hold its resistance in this area, I have price objectives of $63 and $70 a
barrel. In buying power $70 would equate to the cost per barrel in the
1970s. In the 70s interest rates wentover 20%. Silver hit $50 per ounce
and we all know what gold did.
>
> What happens to the markets if oil reaches those prices? Will the Euro
become the currency of choice around the world? If so, how low can the
dollar go? How high will interest rates go if countries opt for Euros
versus the dollars and a liquidation of our debt occurs along with the
reduction of dollar reserves? How high can basic commodities go? Priced in
Euros our commodities are very cheap. Brazil excepted.
>
> There are some very interesting plays ahead when oil either collapses or
explodes. Best plan now for the future.
>
> Have a good week, Ira.
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