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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Elizabeth Andrews who wrote (25404)12/11/2003 10:14:05 PM
From: SwampDogg  Read Replies (2) of 39344
 
I have always respected your opinion and I will certainly not stop now.

IMO there is just too much debt in the system to have a growth boom right here. Growth would cause the yield curve to steepen and debt holders would be crushed.

The other issue that I have is that I see no possibility for new market highs without at least one more large leg down at some point. Will it begin in the next few weeks, I think the answer is that it probably will.

I have gold positions in case the inflationary boom pans out. The Kondratieff sequence would be out of order if this boom occurs though. It is more likely that it occurs in the next decade. FWIW I like the full fat stuff with overproof Barbados for that extra kick
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