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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Claude Cormier who wrote (14710)7/24/2003 4:12:24 PM
From: austrieconomist  Read Replies (1) of 39344
 
<until both make new highs simultaneously we will still have a trading range> Wow! Dow Theory applied to silver and gold! The theory as applied to the Transports and the Industrials each confirming one another is based upon, loosely, having good action by the Industrials, which produce the goods, being confirmed by the Transports, which ship the goods. Absent that confirmation, maybe the action of the Industrials in producing the goods is a false signal because the goods are really being inventoried rather than going to the market. What is the reason for a need for silver to confirm gold action? That suggests to me that you do not believe in the possibility of a deflationary bull market (where currencies fail because of competitive devaluations, for example) for gold. It seems much more important for silver to "confirm" in the context of an inflationary environment.
Your thoughts?
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