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

To: Jim McMannis who wrote (41201)	9/27/1999 11:59:00 PM
From: Tunica Albuginea	Respond to of 116764

Jim McMannis,glad to: "Higher gold will cool economy and oil prices". Gold, freed from CBank's manipulations will rise to it's historical role of flagging inflation. People have always flocked to gold in uncertain times. These are uncertain times: -higher employment will cause Fed to raise rates multiple times? -As gold goes up, pundits will no longer proclaim from the mountain tops: .... "inflation is dead; look at the hallmark of inflation, gold: it's down to artificial respiration levels. ......Your best investment therefore is this $150 internut stock ( which incidentally was $15 only 1 week ago)". -As people slowly move more assets to gold and oil, ......( commodities ) this may moderate the market tech sector excess. -Bonds will pay more attention to Gold. If it is up they will require higher yields: that will do the Fed's ......job, ( in part ).-->higher rates-->economy cools *-As bonds go up, they will move more money into bonds and away from stocks--> market cools. =========== Now if we don't cool the stock market and the economy down a little demand for oil will remain high and there is a possibility that that will raise prices further because oil exploration is lagging behind and can't meet all the large demand. We may be back at high oil prices of 20 years ago. ------ Yes I agree, the above is a cataclysmic view, GG .( if it wasn't it wouldn't be fun reading it right? ). But remember this may not be a joke: As far as market bubbles remember the old principles: 1.Bubbles are only recognized in hindsight. 2.Unpredictable events burst bubbles.( who'd ever thought that gold might do that? ), TA Message #41201 from Jim McMannis at Sep 27 1999 10:43PM RE:"Bobby Yellin:"speculate as to why the change in policy by Central Bankers?". Essentially to cool down an overheated US ( and soon to overheat in Europe ) market. To prevent further oil price increases that might takes us back 20 years."... Can you explain this further? How does this cool down the economy or lower oil prices? Jim