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To: BGR who wrote (37590)6/2/2000 8:27:00 PM
From: robnhood  Read Replies (1) | Respond to of 42523
 
BGR,, I think that the thinking is in a serious deflation.. Systemic collapse type.. One where the value of the Dollar is seriously called into question. The sudden realization that it is only backed by debt collaterallized by rapidly depreciating assets.
For example---- One of the few things that differ today from 29, is the debt incurred to buyback stock.. In 29 , they were smart enough to sell stock, and therefore could ride out the dirty 30's.. Should the market tumble, these companies will be left with mountains of debt and mediocre assets.
Gold could very well shine in that environment.




To: BGR who wrote (37590)6/2/2000 10:56:00 PM
From: LLCF  Read Replies (1) | Respond to of 42523
 
<Given the human propensity to mine data, reading charts hardly ever amounts to analysis.>

Obviously 'analysis' must use all techniques that make sense for a given instance, there are a zillion different 'visual aids' used in conjunction with data one could lump into 'charts'. Your statement makes little sense.

<Why don't you explain, logically, why gold should go up in a deflationary environment?>

I've given you my answer twice, further speculation on my part to explain the phenom would probably lead to me 'data mining' if I weren't careful. :)

Besides I thought it "didn't" according to you... or are you folding on that point?

<Relax.>

Sorry, I'm not used to so many contradictions in so few posts from one person.

DAK