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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (1347)2/12/2004 9:29:37 AM
From: big guy  Read Replies (1) of 48092
 
<What is your read about this POG/SPX chart?>

Financial had the 20 year run now it is commodities turn. When paper assets are in vogue great piles of debt are built up. When the piles get to high to handle and things begin to slow government prints money to spur growth for reelection reasons. The money creation causes price inflation and a rise in interest rates which then purge the system of the over capacity built up during the boom years and the cycle starts all over again. I can't see why anyone would be surprises by what is currently taking place in the markets, it is all part of the bigger cycle in a paper money system.
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