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

To: Bobby Yellin who wrote (47603)	1/27/2000 3:39:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 116756

you misunderstand what is going on, imo... the problem is not 1970's demand driven inflation. what is at work is a deflationary enviroment w/ rampant overcapacity and WAY TOO much credit. it all collapsed last oct in 1998, then the central banks of the world began printing money. printing money does not solve problems, it just delays them and makes them much worse and last that much longer.... the entire run of the last yr has been a credit binge and stock mkt fueled blowoff, plain and simple. gold was held down so as not to give the obvious inflaitonary signal. if you were like me, as soon as the mkt didn't crash in aug of 1998, you started buy goldshares cuase you knew the fed must be printing money. then you went and sold the bond and the UTY.... now the fed is getting boxed in by the sagging dollar, gold, interest rates, etc. checkmate. al must tip the king.... get the picture? we are headed for a real first class disaster thanks to Al.com and this moronic Fed. and while bonds will rally initially as i suspect they will when stocks collapse, the dollar is going to be destroyed and the fed will print money again, and what you really want to own is GOLD and its shares and maybe the euro if they get a clue.... the reason i like gold and silver is because they ARE money. stores of value will do well. other commodities should head lower until the dollar is so beat up that the rest of the world's debts go POOF cause all their debts are in dollars. then they get a boom off our self inflicted financial suicide... and the world economy recovers...