Forum Archive Index - May 2002

["Steven Tong" <soarer2@xtra.co.nz>]

Gold tested new highs again in NY this morning, up 3.90 an ounce to $312.50.
US unemployment figures were worse than expected,US$ falls along with US
equity markets, the herd is starting to realise the US is not the place to
be at this point in time.Worldcom teters on the edge, there bankers must be
having a few sleepless nights. Therefore in the short term where do you put
your money ?

Japan is screwed and has been for 10 years evenwith stimulatory fiscal and
monetary policy. South America unstable, Europe is spluttering along tied to
the fortunes of the US.


When the masses get scared which is happening right now, equity markets
particularly the overvalued US market will plummet as people panic and sell
there stocks, which they should have done along time ago as the NASDAQ went
from  5000 to 1600 to ? The Dow will be next, when it breaks key support in
the 9000's.

Technically the Gold chart is ready to explode, $325 is next.

This is not ramping of gold but basic economics, have a look at the FACTS
equity markets are  way overvalued.

With interest rates being so low, the opportunity cost of holding gold has
never been better, and the falling US dollar makes it cheaper.

LHG to open early 1.40's on Monday

Disclaimer:   GOLD LONG AND STRONG





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