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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (408)	6/2/2000 10:58:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 587

I don't agree about the dollar-gold connection. Conditions aren't yet right for that to be tight. Conditions are firming though. FED is embedding a regime where price increases will have to be sneaked through and this will have to be tolerated since FED is playing the brinkmanship game now. This means they will have to tolerate more inflation in order to maintain the current level of prosperity, but this more is not enough to get the 'Bugs drooling. The FED and just about every economist haven't a clue about the mechanism which is inexorably moving forward. The economy will slow a little, the stock market will advance, things will lighten up, but fed funds won't fall and gold will advance more and earlier, once it is fully recognized that everything is OK. Right now gold stocks are short covered up and long sold with a net uptrend where the net money flow is decidedly negative. So they rise in spite of total demand/supply. You don't buy now. You have to wait until it's obvious. This is very hard to do, but it is critical to wait and build up tapas so your psychology is ready. Nothing worse than sitting on a position and finally selling when it gets up a little just to miss the move.