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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (75761)	6/7/2002 6:16:36 AM
From: Earlie	Read Replies (3) \| Respond to of 99280

JP: All the economic poop as well as the results of my own grunt work points to a coming "deflationary event". Historically, gold does well under this scenario. On top of that, the U.S. Fed seems intent on burying the world in greenbacks and treasuries. Print too much "currency" compared with GDP (and I mean real GDP, not hedonic slop) and the buying power of same evaporates. Today, global transactions are primarily denominated in four currencies..... the buck, the yen, the euro ...... and gold. Three of them have no limits as to their source of production save the number of trees that can be converted into paper. The global gold short position is enormous. Sooner or later this situation will be resolved. I expect to maintain gold positions until some/all of the above gets sorted out. Best, Earlie