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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (88743)	3/18/2001 2:17:43 AM
From: rails99	Read Replies (1) \| Respond to of 95453

Ron: Change is good. Whether topic is oil or gold? My concern is that most contributors to this thread provide me with a learning experience, whatever the topic may be. Agree with you that the XOI and OSX will provide most lucrative trades. Just that I am more cautious now than before. A lot said about gold as an inflation hedge, it being a good holding should we have devaluation of the dollar. Most important to me is the level of demand for credit. If the consumer demand for credit falls, then I think the demand for gold will pick up. If the Fed is increasing the money supply to stimulate consumer spending and reduces interest rates to boost credit expansion; that seems to be a form of inflation to me. What will move gold higher is the perception that it may have value increasing.