Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

Dan....

"As always, the flows will give the impression that this outcome is sustainable. In the end, nothing could be further from the truth."

http://www.morganstanley.com/GEFdata/digests/20040827-fri.html#anchor0


I agree with Roach, both for the reasoning he used plus a lot of other reasons I have given here many times before. The only question in my mind is how long AG can stave off the inevitable. I think the time is getting short, but to date he has proved me wrong whenever I underestimate him. I do continue to believe as posted here before that the equity markets (and probably the $USD) have put in multi year tops and are back in a longer term downtrend with frequent AG inspired interruptions to break downside momentum. I expect a mirror image from gold.

As always, thanks for sharing your Roach <gg>.

mlsoft