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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: PaulM who wrote (11472)	5/9/1998 3:59:00 PM
From: Crimson Ghost	Read Replies (3) of 116833

Paul: Great post! Isn't it interesting that the Fed only worries about asset inflation when it reaches absurd heights, but starts to fret very quickly if workers get a slightly better deal. The financial establishment has been waging war on workers for decades but most of these peons still do not know it. This is is a sad commentary on the human condition. As Martin Armstrong. has accurately said, gold does well only when capital feels threatened. The relentless triumph of capital over labor and a conservative US over the rest of the world -- not CB selling and leasing -- was the fundamental reason for the 18-year gold bear. And when this megatrend peaks and reverses -- as I belive it soon will -- gold will in time surge far higher than most think possible even if the CBs continue to sell and lease.

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