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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: Bill Murphy who wrote (19979)9/28/1998 2:32:00 PM
From: Alex  Read Replies (2) of 116764
 
Hi Bill. Am very glad that you are taking a greater roll in posting here. Some thoughts from a simpleton. It has served the markets very well for gold to be seen as a no-go over the last two years especially. This helped lessen the fear of inflation and rally the Yahoos. It is my belief that this situation has changed. A falling gold price is a leading indicator of deflation and ergo harmful to stocks\earnings\and the global economy in general. What was once seen as good for the markets, is now inherently bad. The market is looking for a sign of easing. One way to project this is to allow gold to rise. This is a fundamental turn in psychology. World leaders are signaling this around the globe. Your thoughts?
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