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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From: Wade	4/27/2006 8:52:32 AM
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Just saw the news that Ben is probably going to raise interest rate two more times to force down the inflation. Dollar rose and POG took a hit. As the matter of fact, raising interest rate can't stop more Fed deficits and only slow down the economy development which led to lower Fed tax revenue and higher deficits....therefore, Dollar will keep on falling. The purpose for raising rate is actually for attracting more bond buyers, which means to borrow more money. This is a dead end approach. No one asked Bush to cut back spending quickly. Don't be fooled by Ben. Hold your gold. Good luck.

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