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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%Nov 17 4:00 PM EST

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To: George Castilarin who wrote (29614)3/9/1999 8:11:00 AM
From: Hawkmoon  Read Replies (1) of 116762
 
Now the game begins.. Will gold go higher? Or will the miners hedge into the buying driving the price down even more??

Are we facing inflation, or deflation?

Will the Asian/European economies face difficulties due to their relative lack of preparedness for Y2K. Will that fact put global business into a "hunkered down mode" until the storm passes on Jan 1st.

Or will a supply chain disruption (or merely the perception of one) from Y2K cause price inflation as goods become scarcer?? Or will we see increased demand from building parts inventories that favorably impacts the small-cap markets?

Or is the Fed willing to let gold run a bit in order to create the perception of global confidence returning and creating the perception that the deflationary dragon has been slain.

Letting gold run up a bit might put a little pressure on the stock market, cause a sector rotation of money into small caps. Or it might cause a complete crash.

But as Holmes would say... "The Game's Afoot!!"

Regards,

Ron
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