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Politics : Idea Of The Day

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To: Al Serrao who wrote (16843)	2/4/1998 2:55:00 PM
From: Thomas Winklhofer	Read Replies (1) of 50167

Al, Thanks for answering. Hmm, Gold. I don't like it very much as a forecaster. Normally Gold pops up when people are selling stocks, running for save harbor. Ok, deflation is easy to fight against. Printing paper like mad. What happens. Prices rise and inflation is coming back into minds of investors. Interest rates stall/increase and then Gold is bottoming out. So for me Gold is a confirmation of a change in trend. Lately Gold popped up due to central bank buying in europe (if Euro will not succeed). It is necessary to find good indication how economy is doing. What are your and Ike's forecaster for interest rates? Just Gold? Just a few thoughts Thomas

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