Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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

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To: Bearcatbob who wrote (1423)	4/24/2004 12:07:59 PM
From: Wade	Read Replies (2) of 48092

Bob, It is good idea to hold cash at here as well. Both GG and PDG are great selections, but it is difficult to bet the direction of POG at here. The risk is still around the corner. I feel the market can change its mind rather quickly and I don't want to miss the turn since I don't see interest rate rise to any significant extent in the short and mid term, because we are still not out of the deflation mode yet. Fed still need low interest rate to keep the economy going, otherwise, we are heading to deflation again. Either way, the mountain of debts has to be resolved later. It is evident that Fed's plan has been to inflate us out of the debts all along. AG's messages has been consistent in pushing low interest rates to weaken USD and speed up inflation so that every borrower, including US government, will have easier time to pay back their loans. We are caught between deflation and inflation economy. We should expect to see choppy USD and POG movement. I don't see how we can get out this big mess without peeling a layer of skin. I still believe in holding gold. Good luck. Wade

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