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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: long-gone who wrote (32016)4/18/1999 12:23:00 AM
From: Jim McMannis  Read Replies (1) of 116764
 
200 day simple moving average 67.04
200 day exponential moving average 68.02
XAU 67.72

89 dema last piece of puzzle to turn positive, one day to next.
Not yet but close.
Then 10 of my indicators kick in. Some need to be validated.

Is this war inflationary?
1. I see we are nearly out of cruise missles and we are going to convert some nuclear tipped warhead missles. It's been said that war is a good economic simulus. Maybe it will set the inflationary cycle into play. Looking more like it will last I while and the president will have to ask Congress for money to replenish depleted weapons.
2. Is this the budget surplus that Clinton is spending? Adding to the national debt and will it cause the government to have to print more money? Sounds like potential inflation there.
3. Will NATO countries have to sell gold to help finance the war?
Will this hurt gold relative to more inflation sensitive commodities?
4. The XAU has reached a level where it's been turned back in the last year, based on MA penetration and trendlines. Will it bust out this time.
5. Certainly, Japan and Asia are picking up as is Latin America
so some of the limiting factors of inflation are being lessened.
6. I don't care what the goverment says, we are experiencing wage and real estate inflaton.

Questions to ponder. Meanwhile I'll hold some long gold stock postions as well as the oils.

I've said for many years that the general stock market won't peak until the XAU makes a large run. Either way I win...I'm mainly invested in the general market but have upped my gold stock % as of late.

Jim
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