Goldteck (Don Wallenchuck Report) ID#432286:
This afternoon on T.V., the Stock Market Observer
program on Channel 26, The U, out of Chicago, featured
one of their regular market timers who also writes a
newsletter. His name is Don Wallenchuck ( sp.? ) , and
writes the Wallenchuck ( sp? ) Report.When asked what
his forecasts were for the coming year ( I believe
that was the time period ) , he said that after the
Bank of England gold auctions are over, and the next 2
months of gold options expire, that gold will take off
and he expects it to go right through $800 an ounce.
He also said that commodity prices this year are going
to skyrocket ( my words, can't remember his ) , oil is
going higher, higher, higher, and interest rates are
going to go up and keep going up. He said that all of
these things are inevitable and there is nothing that
anyone can do to stop them from happening. I can't
remember his EXACT words, but, this is what he said,
and he meant every word of it. The lady on the screen
who is one of their regular interviewers ( she was
talking with him on the phone ) , showed a smirk of
disbelief as she ended the interview.
Also, interesting stuff on money and credit expansion at:
contraryinvestor.com
consumer debt now at 95% of personal disposable income |
