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

To: russwinter who wrote (65200)	3/9/2001 11:37:12 AM
From: ahhaha	Respond to of 116753

This conclusion: We have some powerful bull ingrediants in place. It's a major structural change in this market, not temporary at all. Does not follow from these premises: IMO supply is being withdrawn from the market, because of credit risk perception and lending overexposure. Too much gold has been lent out, too cheaply, and to too many marginal speculators. The premises imply only a very brief short covering squeeze like that of 9/99. The only environment that will get gold trending upward in a significant bull market is the embedding of structural inflation. Since there isn't a 'Bug on this planet who understands the forces necessary to achieve such an embedding, there is absolutely no expressed clue as to whether it's occurring or not. Therefore, the only valid conclusion available to 'Bugs at this juncture is that a hot speculative move may be near where a few true believers might extract some dough in the gold zero sum game from the traditional 'Bug bagholder, that is, the hard money crowd which hangs around gold coin shops looking for lambs to fleece.