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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (31869)10/18/1998 1:40:00 PM
From: bobby beara  Read Replies (2) of 94695
 
>>>If capital is disappearing and recession is on the horizon, then how can the CRB and gold rise in price<<<

GZ, a little known fact is that Gold performs better in deflationery times that inflationery times. Just another myth perpetuated by Galbraith's short term financial mind.

"perpetual down trend for more years that I can remember"

All documented in Jastram's "The Gold Constant"

The South African Mining index made spectacular gains in the 30's while everything else was in the pits.

Sure Gold has been in a bear market for a long time and equities have been in a bull market for a long time, but examine both in the 20 year period prior to 82.

Are you trying to tell me that trends only go in one direction. That defies logic and any reasonable sense of history.

The best time to buy something is when the street has written it off and don't forget that the day after you posted to me that gold was going to $5 an ounce, the XAU bottomed and proceeded to almost double in a 4 week period -ggggg-

I will also cite Apple Computer, which was suppose to be out of business by now that is a three bagger for the year.

Greeny will have to continue lowering rates and that will debase the overvalued $USD. That's why gold will perform - very simple - don't fight the fed.

bb
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