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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: Bobby Yellin who wrote (11842)	5/18/1998 9:04:00 AM
From: bobby beara	Read Replies (2) of 116816

This time is different than 87' and wall st. has a short term memory. We are in a deflationary cycle, not an inflationary cycle. Few read the history books. >>>more consumers are spending<<< The problem here is that with wages stagnant, where is all the money coming from for consumer spending. PLASTIC! There comes a point where consumers can no longer buy, because they are having a hard time keeping up with min payments on their debt. These wizards of wall st. as in every bubble do not have their eye on the ball. Read Galbraith's books about the short term memory of wall st. bobby b Here is an interesting chart for those who are interested in using coins as a hedge. coinexpert.com

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