Zeev's Turnips Patch-No Politics (ZEEV)

[opnion]

Hi Belgie, No I haven't looked at anything recently in relation to gold and a "nassacre" action. However from some charts that I peeked at this morning I would be watching interest rates in conjunction with the $usd action and the effect on gold. From this chart below you can see some good information on what has happened in the past. Gold will likely top and the market will have a correction taking gold stocks down with it then another bull market in stocks will likely begin. Gonna go out on a limb and say for now it appears that we won't make new highs in the dow for a long time. We are likely to be range bound trading between about 5700 and 11,500 for years. Gold will likely take out the 1980 high before another stock market bull begins in earnest.

$Tnx 10 year interest rate yields will likely cap at 6% on any market drop probably sometime in late 2006 - 2007. Then much to disbelief the yields will fall back to test the 40 year lows again.


http://www.topline-charts.com/GoldBulls.htm

Here you can see the relationship of the $tnx to $gold. The relative performance of the 10 year yield is gaining momentum. Meaning gold will underperform the yields but this doesn't mean that gold will collapse. To go along with this is the probability that the $usd will rise back to test the 100 level at or about when the $tnx is at or around 6%. In any severe market scare or drop gold stocks will be sold as all people will want is cash most likely.

http://stockcharts.com/webcgi/Pnf.asp?S=$TNX:$GOLD&E=on&N=A&C=2

For the time being gold will be under pressure and miners should only be traders except for bargain basement buys such as your gpxm. The $tnx is leading the $usd and that relationship is going up. Watch out Mr. Market.

http://stockcharts.com/def/servlet/SC.web?c=$TNX:$USD,uu[w,a]daclyyay[df][pb49!b196][vc60][iUb21!Lp1...