To: habs4ever
If there was such a surge in the money supply, then gold would be at $380.Are you denying that there has been an extreme surge in the money supply?
And on what do you base the theory that US money supplies are the primary driver of gold price?
And this idea of a PPT is so ridiculous, that well, it could only come from a piker.
Hey, I'm with you! And that whole TWA800 thing? It really was the center fuel tank spontaneously exploding! I also think the pristine bullet really did go through JFK, Wallace, and that third fellow and emerge perfect and undamaged! And President Clinton never had sex in the Oval Office! It's all true!
After all, the government has NO MOTIVATION to tamper with the markets. None. Nope. Not a whit.
This is what bear markets are like.Everyone has a pet theory why things sell off.They sell off because they NEED to be sold.
Nice hat and magnifying glass, Sherlock.
But the fall cannot be too precipitous, and that's where the PPT comes in.
To: Lazamataz
Yes, call me Sherlock, but this is my business.I run a hedge fund, so have an interest in being right.I put my money where my mouth is, and pay lots of dough to learn about what works and what doesn't.Plus, then there's that old stanby that should never fail if you use it properly: experience.
To: Lazamataz
A rolling top on the DJIA is indicative that the blue chips have not been sold off, while the OTC has taken a pasting since Sept2000.The DJIA and NYSE have outperformed the OTC, and now is is their turn to get distributed.The forces at work in a bear market eventually catch up to all areas, and the big guys have been the last ones to get knocked, so the longer is takes for them to go where they are going to go, the longer the bear will last.
A purge gets this bear market closer to a conclusion.
To: Lazamataz
Last I looked M3 was flat.
71 posted on
07/16/2002 9:20:52 AM PDT by
Tauzero
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