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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: PaulM who wrote (4904)	12/29/1997 5:51:00 PM
From: Bobby Yellin	Read Replies (1) of 116756

I have a feeling everybody knows it won't work but I also have a feeling that "they don't care".. the movers and shakers are probably waiting for some action ..the thought that a lot of savy people are still bullish on bonds long term but not the market suggests extreme confidence in Rubin..I can't figure out what kind of "limb" he is walking on and what he truly believes..he appears to be an excellent poker player... I am not watching blips but watching for major policy change. If the US government starts really lowering taxes, wouldn't that spur our domestic economy and then gradually start the reinflation process back. Wages have gone up but from a much lower level. It appears that this global economy has broken labor's back.I don't think they will go the protectionist root and I don't think Rubin will let us rampant deflation. I am assuming "they" whoever they are going to be more favorable to gold..since it seems to wag the tail..and let the bubble slowly fizz out..to preserve all the gains... if they let it burst in the States where the people aren't used to living together in eight in a room etc.."nothing can put Humpty Dumpty back together again"...for a while (ps the small caps haven't done well in three years so maybe this will be the transional year away from the Dow and into the small caps.. and the excuse will be "they are domestic" and won't catch the contagion..while the profits sag anyways in the multinationals that have been such a no brainer for everybody..almost everybody <:

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