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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: philv who wrote (5368)	1/7/1998 4:58:00 PM
From: Little Joe	Read Replies (3) of 116759

Phil: I agree with your response, but I guess my real question is do you think that as long as the Fed keeps pumping the money, we can have real deflation, by which I mean an accross the board decline in the price of all things a la 1929. I just can't get past the idea in my thought process that if there is more money in the economy, that prices taken as a whole will have to go up. I don't think the high level of taxation affects inflation. After all the government spends the money and it contributes to the pressure on prices. It really is matter of who spends not which way prices will move. Am I just too simple minded to grasp something obvious (sometimes, I see things in black and white). I think a lot of smart people are talking about deflation, but I can't see how it happens if the money supply is moving up, apparantly very rapidly. Live long and prosper, Little Joe

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