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Gold/Mining/Energy : A Deadcat Bounce

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To: Ed Pakstas who wrote (70)	12/12/1997 4:27:00 AM
From: Goldbug23	Read Replies (1) of 97

Ed, a good argument can be made that it is deflation we face rather than inflation. The Far East crisis (played down by the press of course) could blow the world financial system to bits if it continues. At the moment Korea is down 7%, Indo down 8%, per Bloomberg. The beat goes on. This sort of thing has to impact the world financial system. Maybe it is time to batten down the hatches? Lord Rees-Mogg says historically deflation has been better to gold than inflation - in his book of 1994, The Great Reckoning: Protect Yourself in the Coming Depression.

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