Charmin Posted March 29, 2005 Report Share Posted March 29, 2005 I think the latest article by Jim Puplava is a keeper in that is reveals just what Jim sees as the next tactic to watch for in their dealings with the current crisis... http://www.financialsense.com/Market/daily/monday.htm "Look for the Fed to try another tactic as it appears a rise in interest rates has run its course. The next tactic will be to bring the dollar down. The coming turmoil in the financial markets should lead to a change in course at the Fed. Look for Greenspan to begin talking down the dollar as the Fed?s rate-raising cycle nears completion. The Fed will look for a lower dollar to do what it is unable to do with interest rates, which is to reign in the trade deficit. This too will fail. But that won?t dissuade policymakers from pursuing the course of dollar debasement. In the meantime the confidence game will continue with the financial markets. The Fed will continue to play down inflation and the financial markets will continue in their belief that the Fed is an inflation fighter." Our problem right now is the perception that the Fed is fighting inflation and will reign it in... forget it... Uncle buck has a high up near 85.50... look for it to break from that area.... I even expect it tomorrow... Link to comment Share on other sites More sharing options...
alceringa Posted March 29, 2005 Report Share Posted March 29, 2005 Just got a email hyping AUGUSTA RESOURCE CORP (ARS.V) also in Pink Sheets. Anybody know anything about the company? TIA Link to comment Share on other sites More sharing options...
Moon Man Posted March 29, 2005 Report Share Posted March 29, 2005 Alceringa, that stock had quite a run the last three months...haven't heard of them, so can't comment. Goldstocks had a poor close yesterday, suggesting that there is more short term pain ahead for goldbugs. Some stocks have turned bearish, but not the leading stocks imo. Seems we'll continue this bottoming process well into April, but the potential rally is still there imo. Added some yesterday, and have the powder to buy weakness in the two weeks to come. Good luck ya'll. Link to comment Share on other sites More sharing options...
Guest Posted March 29, 2005 Report Share Posted March 29, 2005 with todays low, it only added more divergences. expecting a rally and then one more lower low completing this decline. dharma Link to comment Share on other sites More sharing options...
Moon Man Posted March 29, 2005 Report Share Posted March 29, 2005 with todays low, it only added more divergences. expecting a rally and then one more lower low completing this decline.?? dharma <{POST_SNAPBACK}> edit: Well despite the fact that this board has gone so quiet, sometimes you read a good post here. I think you are very close. I, for one, can see that too.... Link to comment Share on other sites More sharing options...
Guest Posted March 29, 2005 Report Share Posted March 29, 2005 hourly divergences gone! if we close here. -.70 on the xau. no bounce in the market. dharma Link to comment Share on other sites More sharing options...
Charmin Posted March 29, 2005 Author Report Share Posted March 29, 2005 looks like a lot of ugliness out there Link to comment Share on other sites More sharing options...
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