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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Tunica Albuginea who wrote (44967)	11/14/1999 9:40:00 AM
From: Mark Bartlett	Read Replies (3) of 116753

Tunica, <<Rising stock prices will inevitably lead to rising prices in the rest of the economy. First, thanks to their rising portfolio values, people feel they have enough savings and therefore can afford to consume more. This, of course, is known as the wealth effect .>> This is exactly what has me very concerned. At some point the realized "gains" will be triggered - IMO that will happen within a very narrow window. Then the assest price inflation will show up in consumer goods - and in a big way. This market, despite what the CNBC hacks and some of the other puppet pundits say, is going to end one way and one way only - very badly .... and no paper hedge scheme in the world will be able to save it. MB

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