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

To: Mark Bartlett who wrote (43223)	10/17/1999 10:36:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

You make some good points Mark on the CofP. It's possible that these costs could go up, especially with regard to energy costs which impact minings profits significantly. However, as to cheap imported goods, Japan has been doing this for decades with regard to commodities and making finished goods to export here. Japan has no major natural resources, yet built a tremendous economy based upon this capability. Sometimes their raw materials have been cheap, sometimes expensive. But they prospered nonetheless. There is no reason the US won't do the same. But the main driving force, as Harry Dent states, is that the US is currently in a boom cycle created by the age demographics of its population. We are in a spending cycle, yet at the same time Americans have enough free cash flow that they are in a saving/investment cycle. What has disturbed Europe and AG is that Americans have grown sophisticated and time indifferent enough that instead of putting their long-term retirement cash in bonds they are saving it for the long-term through investment in equities. It may not be savings as the Central Banks may desire, but they are savings nonetheless. Harry Dent believes we'll be looking at Dow 20,000 or 30,000 by 2009, at which time we'll be seeing the end of a peak spending cycle and we'll see an economic slump until the next cycle commences. I think he makes a powerful argument. Regards, Ron