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

To: c.hinton who wrote (80081)	12/20/2001 2:51:28 PM
From: Zardoz	Read Replies (2) \| Respond to of 116759

I won't argure with you that Greenspan has messed up the economy over the last 3-4 years.... he's added risk to the markets daily. But I've been saying that for years. I wouldn't be long this market {USA} if I were there. Inflation in the USA is mitigated by US Dollar policy, and it's effect. If the Buck is to die, you can watch the bond yields soar. They aren't truly reflecting the real rates, and inflationary presure. US is in affect in a recession brought on by incorrect monetary policies dating back to 98's lowering and 00's raising. Anyone can make money buy just buying pig banks and writing calls of those equities. Let someone else handle the risk for the next two years, while you pocket the premiums. Pundits often call the markets wrong, because they become attacked to defunct ideas. Gold is a moot investment for many reason discussed here before. The G7 has been controlling the currencies for 2+ years {And I referr to HARD controls, not range bound limits} The yen is by all demand held to 125 +/- 5, when the true worth is 200 Yen/USD. Only free floating currencies such as the CDN/USD rates reflect the correct economics between nations. This is why the CAD and GOLD Price are correlated {via second derivatives}... The correlation between CAD Currency and gold is only causality, but the correlation of CAD versus a basket of weighted currency is near linear versus gold. If your in CANADA, you might want to consider buying Put options on Banks stocks. They are showing trend channels that can't be substained in the New Year. Prime example being TD, CM.