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Gold/Mining/Energy : Gold Price Monitor
GDXJ 130.28+0.3%Feb 4 4:00 PM EST

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To: Zardoz who wrote (44831)11/11/1999 2:24:00 PM
From: Tunica Albuginea  Read Replies (1) of 116960
 
Hutch: Reorientation to reality: As Santayanna said: those
that don't learn from history are bound to repeat it".

I say Hutch, those that repeat history's mistakes,
( printing valueless money like Germany in 2nd world war )
willreap the same benefits.

Some say the Economy is slowing, so need to raise rates.
What if one of the reasons it appears that the economy
is slowing is because we have run out of workers to hire?
How can you grow without workers?


But he remaining workers are not standing still:
They will demand higher wages because of higher prices.

In the next month prices are going up because:
* more expensive goods from overseas won't restrain our prices.
* healthcare will start exploding because of Lawsuit fears.
* y2k supply disruptions.
* As out dollar falls based on the above people overseas
will buy less of it to support our debt, they may send
the debt home for repayment. What do we give them?

The last PPI looked benign ( 0.3 ) because Oct oil was not
included. That will be in in Dec report. Just in time for
the Fed to raise rates in the middle of y2k: the longer
the Fed takes to raise rates, the worse the enviroment/time
to do it,

I am looking at Gold at $400+ next 3 months ( especially from y2k disruptions ),

TA

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