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Gold/Mining/Energy : Royal Oak-RYO

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To: JERRY GACH who wrote (647)1/18/1998 10:44:00 PM
From: JCgold3  Read Replies (1) of 1706
 
A much weaker US$, increasing oil prices and an inflation rather than
deflation expectation. I believe the US$ is the most important as I
link the bull run in the US stock market to the run up in the US$
versus all other currencies. It is the primary reason for our low
inflation rates as well. When the trend of the $ changes (it may have
already started to show some weakness), the stock market will come under
pressure, inflation will be more difficult to control, and gold will
look good. The M3 money supply has been rising at a very high rate and
the recent pacific rim bailouts will all add to the problems we may
be facing sooner than most people think (IMO before the end of 1998).
I like gold more than any other investment on my current radar screen
even if its move doesn't start for quite a few months.
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