Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (7692)	10/27/1997 1:29:00 PM
From: tekgk	Read Replies (2) of 94695

If you get caught up in the supply demand equations for gold it can lead to nowhere. The real factors are devaluations of the US dollar (money supply) and psychology. Gold will have it's day in the sun again someday - I am just not smart enough to know when. My main indicator is rather simple, almost embarrassing. I take the long bond and subtract inflation and taxes. If it is negative I look at psychology, money supply and other financials - If it is positive I don't look any further. I generally keep a little hoping to lose money on it. It's just insurance in case something really weird happens. In the exchange with Bill H. I agreed with him that it probably won't do much in a standard correction.

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