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Gold/Mining/Energy : Precious and Base Metal Investing

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To: austrieconomist who wrote (9928)4/19/2003 5:39:38 PM
From: LLCF  Read Replies (1) of 39344
 
<Yes, the U.S. banking authorities may be likely to "hand out money on street corners" but the crucial investment information is THAT THEY ARE NOT DOING IT YET! These things take time, stemming from the injection of reserves into the system by purchases of bills or, has been speculated, longer term bonds. >

True, and they aren't being aggressive yet even in the areas already available... ie. G being pretty tough on United Airlines and the like in getting loan guarantees for instance.

That said,

1.) if the past in equity markets are any guide, one would expect POG and the equities to have made a massive move already by the time anything is officially announced.

2.) One could speculate that the $US could crash regardless and way ahead [due to stock and flow considerations] of those actions, sending POG and goods inflation flying.

< Plenty of time to get in at the head of the line, as the impact is not seen for at least a year and my sense is that, even after a year, 70% of the crowd who will hop on the inflation train will not yet be in. >

One would hope.

DAK
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