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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (41136)	9/27/1999 4:56:00 PM
From: Tunica Albuginea	Respond to of 116782

Alex, whenever somebody mentions " squeeze ",GG, I immediately stand in attention! To me a gold squeeze is a bonus. I went into gold because technically I think we had a breakout in price and volume in NEM and ABX. Could have gone in sooner ( as in the last 15 years!! ), but, but. Entering during a breakout gives a smaller, but much more certain profit. Last year we had a roaring economy( if you consider PEs of >1000, GG, as inflationary as Alan G finally commented on in the last Fed meeting ). Enough to put breaks on. Instead we lowered rates to help Asia. Result? Even bigger economy roar, tighter labor now, UAW gets " lifetime employment". Does this sound like Japan, 1985, pre 1987 Nikkei crash or what? So now we raised rates a nickel but is that enough? The gold action of course is heavy in Europe: all that gold sold last year to make it look like they balanced their budgets to form the Euro Econ Union. Well nobody bought it and the Euro tanked. So now Europe is back to square one: bloated budgets and rising inflation: England raises rates. Soon others will too. With Y2K fears and all the above, I think some people will be buying gold, :) TA