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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: Zardoz who wrote (42615)	10/10/1999 3:54:00 PM
From: Tunica Albuginea	Read Replies (1) of 116764

Hutch a rise in POG can be predicted if there is a rise in inflation caused by excessive Government spending to pay for HealthCare ( borrowing in the free market to pay for it, thus competing with private market borrowing ). (also if there is a rise in entitlement spending. In fact 60% of Guv. spending goes to entitlements ). Why is this so hard to understand? One of the main reasons markets tanked in 1978 is because Medicare was growing at 10%/ year and TBonds were at 12% to pay for it. Guv printing presses were on at 100%. HMOs were supposed to stop that 10%/year increase. And they did , for a while. Now the system is coming apart and 10% year Medicare increases are back on the agenda as well as Guv printing money to pay for it,( unless they cut spending ). The reason Gold is up is because there is nowhere in sight any spending-cuts planned. Governmant printing money== higher POG : get it? TA Message #42615 from Hutch at Oct 10 1999 3:26PM CAN WE ALL STOP TALKING ABOUT INDIVIDUAL COMPANIES AND STAY WITHIN THE SPIRIT OF THIS THREAD? You're a fine one to make that comment. After all you be floggin' Health Care {HMO's} lawsuit info for the last week. Hutch

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