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


To: Tom Byron who wrote (76088)9/18/2001 5:21:52 PM
From: Tom Byron  Respond to of 116825
 
here are some comment about gold, the increase of the money supply during the last few days and the future of the stock market....from another chat group site:

it will be interesting to see if the massive inflation of the money supply over the past few
days (and set to continue in coming days, from what one hears) will be able to arrest the
deflation. as i've mentioned before, keep an eye on the gold price. if the recent rally can be
extended, and gold goes above 350 and STAYS there, the Fed can declare victory and the
deflation monster will likely have been at least severely wounded, if probably not yet slain
for good.
such a gold rally will also be an early advance warning of an impending rally in the stock
market, thus it is important to watch even for those not interested in the gold market per se.

tom drake's reply:
ironic. this is what i've been writing for years while all the goldbugs turned into
deflationists.