Replies to post #239546 on Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

Is todays gold bounce the start of "Month of May Rally"?
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Hi 1-7,
You're asking me?
Quite frankly, I doubt it...... but we're getting closer! <vbg>

A soaring gold price is almost always a sign of inflation and I don't think Greenspan wants the world to see such a high profile reminder of that harbinger while he sweats it out trying to stall for time prior to raising rates.

Watch the USD..... a couple of consecutive closes under 88.50 or so will prolly mark the resumption of the next Au upleg.

Kindly disregard this post if Greenspan decides to bump the rates today. <GGG>

Good luck to you.