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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: Hawkmoon who wrote (43151)10/17/1999 1:30:00 PM
From: Richnorth  Read Replies (2) of 116764
 
Of course, for any one observation, there could be various possible interpretations. But ultimately, the interpretation that will be adopted will be the one that is consistent with all the facts.

At the moment, existing evidence point to the gold bugs being right as having been victimized by the big hedge funds and the bullion banks, perhaps with the help of covert complicity of the Feds.

CNBC commentators had often touted the line that inflation is non-existent and cited supporting evidence for this in the low POG. Most recently, however, someone from Merill Lynch said there is no connection between inflation and the POG! One can draw very interesting conclusions from all this, eh?

I tend to agree with Mark Bartlett in that we all had been hoodwinked for quite a long time (until most recently) regarding

1) the phenomena of a steadily declining POG despite increasing consumption/demand for gold
2) the mirage of low or non-existent inflation.

FWIW, I would like to remind astrology buffs that an eminent financial astrologer had stated in his July forecast that a massive fraud/deception was about to be exposed!!! Could the fraud/deception he was referring to is the same as the POG/inflation manipulation which some people opine is the scandal of the century????

Regards,

Richnorth
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