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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (9206)	9/27/1999 8:18:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 36688

Inflation and unstability in governments historically have had the greatest influence on gold in the past.Gold being the hard currency that it is ,people move into it to protect purchasing power during inflationary times.I refer you to 1979-1982 when we had double digit inflation and double digit interest rates.The circumstances here are a little different.The Fed is on top of inflation,interest rates are the lowest they have been in 20 years and economies are growing at acceptable levels. This is a reflex to announcements about the controlled sale of gold.Otherwise we would also see a bullish Bond Market but I believe to-day there were bears in the bonds as people moved back to equities.This may lead to increased interst rates in itself if the money left US Bonds and went into foreign bonds. Regardless, there is a period of volatility ahead and trading should be interesting to say the least. The osprey