THINK GOLD WILL SOFTEN
RATE CUT IN EUROPE
Started by
bobalou
, Apr 01 2004 07:58 AM
2 replies to this topic
#1
bobalou
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Posted 01 April 2004 - 07:58 AM
WITHOUT A CUT IN EUROPE. I THINK GOLD WILL SOFTEN
THINK GOLD WILL SOFTEN
#2
hereclitus
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Posted 01 April 2004 - 08:51 AM
The opposite appears to be happening. Gold is moving up strongly and is being led up by silver, which has broken $8.
A rate cut is coming, eventually. I thought they would have already cut.
The bullish thing about this move in gold is that it is moving higher against global currrencies (i.e. the Rand, $Can, and Euro).
Also, gold is at $430 and there does not appear to be excessive bullishness out there. $450 seems in the cards. We'll see.
#3
SilentOne
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Posted 01 April 2004 - 12:47 PM
Hi,
Take a look at the 1 year copper, silver, and then gold charts. Copper led, silver has followed, now its gold's turn.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
