Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	12/15/2002 3:43:08 PM
From: nspolar	of 36161

The Doom and Gloom Fed 2000wave.com Another good read by Mauldin. Some key points about deflation/inflation made. Make up your own mind about where we are. And this quote: "My long standing view is that gold is a currency, nothing more or less, and thus floats in concert with whatever the relative value of any given currency is." I like Mauldin, but get tired of him still talking about "The Muddle Through Economy". He mentions that phrase less and less. He doesn't want to admit he was initially wrong. All the good analysts have been wrong imo - they've been too optimistic. I think it possible gold/PM's over the long term are in something like a huge ABC, and presently in the early phase of the A. Over the next couple years I think it quite possible gold will eventually hit 4 digits. My reasoning is that I don't believe deflation is over, nor will it be for some time. But gold is going higher here, and some day deflation will cease and the economy will transform to a more inflationary one. Then gold will go yet much higher. It isn't going to happen overnight, but for those who read the charts correctly, and get in and out at the right times, it means lots of profits.

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