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Gold/Mining/Energy : Gold Price Monitor
GDXJ 90.35+0.4%Nov 6 4:00 PM EST
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To: Enigma who wrote (48038)2/5/2000 9:35:00 AM
From: russwinter  Read Replies (1) of 116753
 
You are absolutely correct about inflation as a "fundamental" factor. I redevelop vintage apartment buildings (in the Pacific Northwest: Microbubbleland) and I see it all the time in the form of excessive contractor pricing and now I'm seeing it in higher material costs. The reported inflation numbers are crock. And with all the money that was printed in 1999 (highest increase in monetary base in fifty years), we will see inflation accelerate.

But despite this fundamental backdrop, the gold market needed a "technical" factor to switch into high gear. We got the first component last September in the form of a new arrangement from the major central banks. Now with the new policy from PDG, the pressure will be enormous on ABX and all the ABX wannabees to not be left at the station. This will be the driving force in the massive rally I see developing.

I believe the inflation factor will be played out later in the form of investment demand from the public. However they will be the icing on the cake, probably entering the market in a large way above $400. I believe the move to $400 will be fueled by the anti-hedging campaign and the short covering it engenders. INVESTORS DO NOT WANT TO BE CAUGHT HOLDING HEDGERS in this scenario.

Since I'm loaded to the gills with quality explorers (and nonhedgers) the public's entry will be my lightening up point. I'm anticipating that the leverage these smaller companies offer to POG will give me 500% returns.

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