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Strategies & Market Trends : The Millennium Crash

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To: pater tenebrarum who wrote (5160)	6/7/2000 5:19:00 AM
From: Arik T.G.	Read Replies (1) of 5676

Post of the month! Looks like the stock market is the last to understand that the economic cycle is over the peak. USD already getting the idea, and PoG concurs. Re : PoG In recent years the financial (monetary) flows of money in the international currency markets had drowned the ecomomic (fiscal) flows. There is simply too much money going around (the coming depression will take care of that), and in the minimal friction environment of currency exchage the major currency rates went to economic extremes (Euro at 90c a recent example, yen and gold showed the more pronounced LT skew). When money starts sloshing around from one currency to another looking for a safe haven, and when it will start considering Gold as an option, even in the name of diversification alone, the gold market will be way too narrow for the bulk involved (unlike currencies it is still based upon a limited resource) and I suspect that in the wake of the MC the PoG will see giant leaps. Paraphrasing the words of Neal Armstrong : One small step for international money flows, many giant leaps for the price of gold. ATG

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