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Gold/Mining/Energy : GOLD-XAU
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To: Jim McMannis who wrote (1454)4/23/1998 2:22:00 PM
From: ahhaha  Read Replies (1) of 1756
 
Your contention is valid. However I sense that this time in comparison to 1993 we have a sustained move coming. The reason is that the worldwide wealth effect is highly entrenched. It won't roll over to a little tightening. Specifically, businesses will raise prices and the people will go out on strike even though rates are rising. It would take months of gradual tightening to slow things even with the cold water of a nasty stock market correction. The outcome to the tightening may only be muted stagflation. The way around stagflation is Voodoo Economics and that isn't politically doable especially with the country's swing to the left. In the interim you could get a very tradable move in precious metals.
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