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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Korey W Carlsen who wrote (4658)	1/7/1998 4:11:00 PM
From: Henry Volquardsen	Read Replies (1) of 14226

in your post you quote from Jude Wanniski's op-ed essay "The Optimum Price of Gold" on page A22 of today's Wall Street Journal that the general price level will have to decline in order to equilibrate with gold. It should be noted that as his base period he chose 1979, the year in which gold blew off to the upside. In other words general prices would have to decline for gold to appear in comparison to be wildly overbought.

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