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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Beachside Bill who wrote (4887)	4/28/2006 1:12:43 AM
From: Nevada9999	of 48092

In the past the Fed would hike rates until it caused a recession. The stock market would be in decline by the time the Fed stopped. The Fed now believes it can keep the US economy in a state of perpetual euphoria. There has been no market decline in this rate rising cycle, in fact the Dow has not had a significant correction in 12 quarters. Even if I were to give the Fed credit for possessing a brain cell, they must believe they can cease hiking rates right as the economy plateaus or rolls over rather than going too far. If we assume the the Fed is nearly done raising rates (which I think is questionable), it can be said for a fact that this time is different, so far. I see no reason to believe it will not be different going forward also. For the record, in the depression gold went from $20.67 to $35 compliments of FDR. The best performing stock on the NYSE was Homestake Mining Co from what I have read. The depression could not be much more irrelevant to our present situation however. At that time, the US was a creditor nation with a trade surplus. This time think Argentina, but a few thousand times bigger. JMHO.

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