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To: Gottfried who wrote (909)	7/18/1997 6:52:00 PM
From: Herb Fuller	of 1894

Gottfried , Re:>>Gold and how it relates to deflation << Gottfried , I have been following yours and others post about the deflation question and whether or not it can effect our markets . The short answer to the above question is yes . The first sign of deflation IMO will be seen in the gold market , see the chart below . If gold goes below the $300 mark I would say that we will be well on the way into a deflation period that has the capabilty of taking the stockmarket to lower levels bigtime . the-privateer.com I could go into all the particulars as to why this will happen but I won't as I think this has already been covered by all the news articles that we have both seen about the subject . I am just giving you my opinion of what to watch for , using the gold market as a leading indicater . Herb

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