Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TWICK who wrote (37911)	9/6/2003 5:50:42 AM
From: TobagoJack	Read Replies (2) of 74559

TWICK, <<Why has the price of gold risen so much ...?>> The question can also be asked so, 'Why has the price of gold risen so little?' For GUDD-ness sake (GUDD = Gold Up Dollar Down), gold price action probably so due to twin deficits (trade, fiscal) and concern about high real cost of perpetual planet-wide intervention under effects of delusion and fantasy cloaked in blinding media chant in an environment of falling employment and deficient capital spending even as the consumer balance sheet is about to be tapped out. I suspect. Plus, folks are beginning to see that FED is simply moping in the dark like rats in a rucksack, unable to see bubbles, and unable to erect genuine sustainable economic growth, doing more harm than good in the process of infantile corrective action, cutting rates, destroying money, as the politicians fawn over the great Maestro even though his magic is long impotent. Either so, or gold price is a bubble. Chugs, Jay

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