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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Bobby Yellin who wrote (41753)	10/1/1999 11:01:00 AM
From: Tunica Albuginea	Read Replies (1) of 116764

Bobby Yellin, consumer spending spending more than they are earning fits very nicely in the overall equation. My equation simply states all debt must eventually be paid At this point knowledgable folks ( financiers that can add 1+1=2 have concluded ( wisely I think ) that our children and the unborn will refuse to pay the high world debt acummulated by the high spending consumer. ( trillions and trillions, <VBG> ). So they are sticking it to the consumer by raising rates in some countries and by printing more paper in others. Unfortuantely cosumers are never willing to go on a low cash diet ( ie pay higher rates ). So they will rebel. They will choose printing more money. POG will go up, Same old same old. Initiated a new position in PDG today, Oh happy days, TA Message #41753 from Bobby Yellin at Oct 1 1999 10:16AM care to comment if consumers are spending more than they are earning- how does that fit into your equation?

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