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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: Hawkmoon who wrote (52703)5/14/2000 2:17:00 PM
From: Don Lloyd  Read Replies (1) of 116764
 
Ron -

[...Hiking interest rates month after month creates artificial and uneccesary distortion in both the economy and the price of assets for those of use who are playing by the rules, saving our money, and not buying stocks on margin...]

Not trying to make the case for or against, it has been written that the current string of FED tightenings has not yet resulted in ANY real tightening, but has only matched a concurrent increase in inflation.

Regards, Don
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