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Non-Tech : The Woodshed

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To: jrhana who wrote (6297)	5/8/2004 7:06:59 PM
From: jimsioi	Read Replies (2) of 60907

Re the Van ECK rant.... Ok Inflation is coming....heck it's arrived though GOLD seems to be saying something different....sure it and silver are manipulated or so we have to believe or we don't make sense to ourselves.. But behind this suggestion and rant what does ECK base his belief that a big round of inflation is coming...I can only find this.... "Over at the Fed, foreign holdings of U.S. Treasuries (which had been rising by $6 billion a week for a year actually fell by $1.86 billion). And Fed credit, which had only increased by $23 billion in the previous 51 weeks, jumped an astounding $5.7 billion in one week. In addition, the Fed bought outright $753 million worth of Treasury securities." And in this case the data is relatively recent....Sorry, I don't get the basis for his contention that inflation is going to rise....and importantly to us precious metal inflation....It's all about the dollar....when and why does it sink against the Euro and Yen....??? China revaluation....now there could be the trigger..

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