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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%4:00 PM EST

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To: Rarebird who wrote (59635)10/12/2000 4:47:31 AM
From: PAUL ROBERTSON  Read Replies (1) of 116762
 
corporate credit markets are shutting down for business, period. Asia 97-98 is happening here in the US right before our very eyes. The fed will be coming to the rescue any second now if they want to prevent any sort of global calamity. The fed is so boxed in they will prefer to err on the side of ease. Once this becomes obvious the dollar will crack big time. Their choice is between either sever deflation or inflation. With each passing day they hesitate, i believe things will get much worse. You talk growth, which is BS now, cascading deceleration of earnings and bankruptcy is more like it. Imagine, massive easing in the face of $30 oil and CRB 230. The winner over paper, imo, gold, right here, right now. There is now litteraly nowhere to put ones US dollar right now.

Paul
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