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Gold/Mining/Energy : GOLD-XAU
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To: Dwight Taylor who wrote (1453)4/23/1998 12:55:00 PM
From: Jim McMannis  Read Replies (1) of 1756
 
RE:"

<<The longer the
authorities delay raising rates, the higher gold will go. >>

Because rate hikes will be viewed as the FED is ahead of the inflation curve and slowing down the economy...stopping inflation before it starts. As long as rates are low, oil low etc. there is a chance for inflation to get cranked up. What actually happens is that gold/stocks will run up insofar as it's percieved that rates at high enough to incite recessionary tendencies. I think the case for gold stocks is still fragile enough that just a direction change by the FED would put a crimp in them as well as the overall market.
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