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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Rarebird who wrote (51410)	4/14/2000 4:10:00 AM
From: Step1	Read Replies (1) of 116759

Rarebird, i dont direct this at your integrity but just to give you my personal take on it, i am very skeptical of the government`s statistics , especially the inflation rates reported in the PPI and CPI. Others would also point out the Austrian view on inflation and argue that asset inflation (in the market) is where one should look at. (i think i may have bitten more than i can chew on this one, but anyway...) Edit: should be clearer on the quote about Austrian School of economics here. I meant that perhaps the asset inflation that has happened in the shares market is a better indication of inflation than the CPI etc... The stats have their own mistakes built in, some doubtful accounting and adjustments performed on them and their sampling can be less than perfect all that subjected to government oversight.... The indices dont lie... although they can be manipulated too... Ask a Thai or a Korean what he/she thinks is the best form of money?End of edit >>> Message #51410 from Rarebird at Apr 13 2000 5:08PM The fundamentals for Gold are Extremely Bearish: 1) The Dollar continues to rise. 2) The Australian Dollar and Euro are weak and have broken down. 3) Comex gold warehouse stocks have surged over the past month. 4) The Growth rate > Inflation Rate. <<< Regards Stephan

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