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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.56

+6.1%

4:00 PM EST

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To: long-gone who wrote (30646)	3/25/1999 3:46:00 PM
From: Ken Benes	Read Replies (1) of 116972

A dose of inflation would be a normal expectation of excessive money creation, however, we are in unusual times. As long as commodity prices remain depressed and overcapacity exists in manufacturing, prices will remain contained. We have become the market of last resort for much of the world and the safe haven for the surplus cash generated by our trading partner with favorable trading surpluses. Whether one agrees with the current military effort in Yugoslavia or not, it is very i mpressive watching the sophisticated array of US armaments pounding the serbs under the cover of darkness. Never has one nation so dominated the world, militarily, economically, and culturally. Everybody wants to be on the side of a winner and they are casting their allegiance with their money. It is very difficult to envision an increase in prices with the current scenario. Something dramatic would have to occur to cause foreign countries to repatriate their money and demand America to pay its way. With out this demand, money and goods will continue to flood into our markets and smother any hint of inflation. Ken

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