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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: jef saunders who wrote (6787)	2/22/2001 6:37:37 AM
From: Tom Gordon	Read Replies (1) \| Respond to of 14101

Hi Jeff et al, been away for awhile, things are truly ugly and still have a ways to go. What you have unfolding is not a pretty scenario, Greenspan is feeling the noose tightening, he's stuck in a corner and no where to go. He sees, and I've always purported that inflation was in the air but the pundits will not say the word, nor will they say deflation, they will say however dis-inflation whatever that means... No interest rate cuts will propel this market to the other side of the fence, people will now save to pay off inordinate debt thus consumer spending will continue to descend. This will ultimately lead to a prolonged recession in my mind. Remember we have to ring the excesses out of this economy that Clinton and Greenspan's artificially created with leveraged credit.( Goldilock's economy) I personally am looking for the US dollar to go to" hell in a hand basket". With stagflation the order of the year, this will cause forigners to dump US dollars in favour of the Euro. A foreign bond fund might be the way to play this one out.Let me also point out that this might lead to a bull run in commodities, they will be much cheaper for foreigners to purchase,one bright spot..... If you want a catastrophy scenario, watch those MBA'ers at the central banks finally see what the intrinsic value of gold is! All in all, Rebecca will wait with news while the suckers that are leveraged get hammered and mutual fund redemption picks up steam. I will stay liquid holding only DMX and defensive positions to ride this hard landing out. Sorry, don't mean to rain on the parade, just facing the hardcore reality of it all. Regards TG.