Saturday, March 05, 2005

Major Turn in Markets in Next Two-Three Months

Due to better than expected US employment data a break down in the bonds market has been staved off and the bond market rallied. The bond market was at a critical spot in the charts and a further break down would have represented a major break down in the bond market. Although some economist point out that the jobs data is not as strong as they look, 100,000 of 200,000 are fictitious jobs from the births deaths model.

As a result of this the US stock market is likely to go higher in the next few months and the gold market will retest recent lows, setting up a major low in gold in late April or May. Good time to look for a buy signal, while the stock market and bond market will be lining up as major exit situations around the same time.

Source: News Hour

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