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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: ahhaha who wrote (331)	9/5/1999 6:48:00 PM
From: Zardoz	of 587

To: ahhaha (331 ) From: Hutch Thursday, Sep 2 1999 4:17PM ET Reply # 333 of 341 If inflation is a rampant as you suggest, then why as you believe gold has not reacted to this. Was it you who not stated that gold rises during inflation? Kinda like an answer here... After all it's been my opinion that as long as the FED is behind the markets on the yield curve that does not lead to inflation. But the Fed will use monetary growth to mitigate the excesses of inflation. And the US dollars appreciation is the resultant effect of this. FED has two choices: they can either stay out of the market by muzzling the FOMC, or they can raise rates in Draconian style to 8%. They will do neither. They'll do neither because they don't have to. The market doesn't set the rates, the FED does. And the Fed has many more choices then what you preceive. Rates are primed to come down, as even the DOW markets are setting up for yet another Bull Market run. Have you been missing the higher highs, and higher lows? So tell me honestly: Do you really believe that inflation causes gold to rise? Note Gold Spot is still $254.00 Hutch

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