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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.28+3.8%Nov 28 4:00 PM EST
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To: PaulM who wrote (6259)1/19/1998 6:50:00 AM
From: Zardoz  Read Replies (2) of 116790
 
Guess how I spent my weekend, reading every post in this thread.

1) M2 increase is directly related to Greenspan attempt to add liquidity to currency to prevent a rapid rise in the US Dollar.
Hyperinflation. It's the ratio of M2-M1, that's important.

2) A rising US dollar causes the POG to decrease.
Commodity deflation.

3) Currency fluctuations play more on the POG than short covering, hedging. Any spike due to covering will be short lived. But a decreasing dollar could cause a gold rush. Whether you treat GOLD as a currency or currency as a commodity, they are in essence the same. Gold has never deteriate, or inflated ever. Only currencies can change ratio's with reference to gold. And since silver is a more liquid currency, it suffers from the Fiat currency effect.

4) The POG will deteriate over the next few months, as more Banks in Japan will be forced to claim bankruptcy. Right now the bubble in Japan is being propted up on promises. Wait for those promises to break, and the Yen/USD to go to 160-190 Yen/USD. The Japanese investor won't repropiate their investment, but disinvest into other countries allowing the home investor take the brunt of the pain of restructoring. Japanese Depression

5) The most recent rise in the price of gold was either caused by new future option, or central bank currency speculations. I chose the later. Gold will continue down below $240.00 with oppertunity all along the way.

Even TrizecHahn is considering dumping gold stocks.
Message 3201872

Gold dropped another $1.20 in the time I took to write this message.
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