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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: John Pitera who wrote (85536)2/15/2001 5:44:16 PM
From: pater tenebrarum  Read Replies (3) of 86076
 
Jonh, that is what one would expect in view of the incredible pace of money printing going on.

that's essentially the stance of Jimmy Rogers, Ed Bugos, et al.

however, i fear the deflationary forces that are at work as we enter the k-winter are extremely strong...i expect a mixture of inflation and deflation, with deflation the predominant force over the next decade. many raw materials have however been subject to a dearth of new investment due to the long period of low prices, and oil has shown what eventually happens when things go too far. so even in a general deflation, we can probably expect selected commodities to produce sharp run-ups.

did you see the chairman of FCX commenting on copper recently? he said there are only 3 weeks of supply left in inventories worldwide...likewise, silver inventories recently hit a 7 decade low (you wouldn't know it from the silver price though, which is apparently subject to a leasing scam similar to that run in the gold market).

re. silver, Ted Butler recently asked people to provide evidence that there are more than 150 m. oz. left in inventories world-wide....so far no-one could provide any reliable data disproving his contention.
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