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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.98+0.6%Nov 21 4:00 PM EST

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To: philv who wrote (7749)2/22/1998 12:25:00 AM
From: Abner Hosmer  Read Replies (1) of 116764
 
Thank you, Phil -

Some great charts from Deutsche Morgan Grenfell on inflation trends. Requires Adobe Acrobat. For anyone who doesn't have it, it's free to download and easy to install:
webcom.com

More on Asian deflation, US Bonds, and commodity prices. Four of the charts show the correlation between S&P 500 earnings and profits growth, and the CRB index of raw industrials. Yardeni's thesis - "Asia depresses US and global economic activity mostly by depressing prices and profits around the world."
webcom.com

Deutsche Morgan is predicting 1% inflation for 1998. They're looking for lower bond prices, 4.5% unemployment, 5% earnings growth. I do not perceive all of this as improving the outlook for gold.

Tom
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