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

To: Crimson Ghost who wrote (67302)	4/7/2001 2:16:13 PM
From: Hawkmoon	Respond to of 116764

I think you misjudge them George. I don't believe either one wish to see gold compete with the US dollar as a store of investor value. Rather they see the continuing decline in the POG as indicative of more capital flight and that the Fed is not providing enough liquidity to undo the damage they wrought after last year's Y2K money supply bubble. I also would have no problem with gold remaining in a trading range below $300/share and may above it, so long as inflation remains under control. You see, that's what we need right now.. moderate inflation that spurs the profit motive, rewards and motivates people people to invest rather than just saving money in deposit accounts. But we do not need to see gold rise to the degree that it competes with dollar denominated assets as the world's primary storehouse of value. Regards, Ron