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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: John Paquet who wrote (58332)9/19/2000 2:30:24 AM
From: Zardoz  Read Replies (2) of 116764
 
Inflation is coming, my argument is future tense.

Inflation has been here FOR YEARS. I can't help it if you don't know how to convert monetary excesses into inflation. Here, let me state this. As long as M2 continues at the same yield, and as long as Fed funds rates is steady or on the incline, inflation will deteriorate and Growth will over ride the US Dollar demise. Thus GOLD will fall.

Gold will shoot it up from here.

NOT due to inflation. Inflation is a minor player. It's only when it's compared to growth and monetary supplies, does gold move. The conditions still aren't right. In deed, those that read what I write know that I was suggesting that around Mar-June 2001 was the time frame to buy gold. As I've stated in Private Messages to other, I'm of the opinion that my Buddy Greenspan will raise at least 0.75% again.

Smart money doesn't exist; only fools believe that it does. You can buy whatever you want, and short the same. Net long or short is all that is important. But when you look at the some Dec 300 Gold call you see NO reliable information. I suspect you meant to suggest that the Dec Futures {not the Options on the Dec 300 futures} are showing large open interest {85K contracts}. But yet if you study the spreads on those options, you'll see that many can be shorts against the spot, and thus are just as likely to cause a dropping of the Spot price.

Dec 300 call {around 10K}
Dec 330 call {17K}

Hutch
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