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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

4:00 PM EST

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To: Rarebird who wrote (49052)	2/15/2000 12:51:00 AM
From: Zardoz	Read Replies (3) of 116796

To be sure, almost all* recessions have been preceded by an inverted curve, and such a curve usually points to lower rates in the future.* Let's see, a almost. Well how many recessions weren't preceded by an inverted yield curve? And how many inverted yield curves signalled a recession? On the other hand, a steeply positive curve points to future higher rates. Not always. The real enemy of Gold is not any one person but Technology. Not at all. Gold has no enemy. But the greatest misconception is to assume that somehow gold has growth, and that it should appreciate. In deed if GOLD is an absolute storage of value, then should it not be quanta sizeable? And if so, then should it not act as a currency, and have it fluctuations varied over decades and centuries with respect to currencies. And cannot valuation of monetary economics result in multiple decades' trends where currencies appreciate. And if this is all possible, cannot a POG decrease in todays secure monetary policies. And in deed are not new 21+ years lows likely? With this said, why would you suspect is the reason WHY CB's are disinvesting themselves of gold? Hutch

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