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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: mt_mike who wrote (4497)8/14/2002 12:36:27 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
big boys taking down GOLD
two reasons in my view:

- Fed losing control of the deflation situation

- panic over dollar's resumption down down down

it might take months for the investing public to figure out two things:

- CRB commodity index can rise sharply despite the environment

- GOLD is a tremendous deflation hedge

unfortunately, the investing public AINT THAT INTELLIGENT
they dont do much research
they are like a Pavlov dog, responding to BrokerHouse signals

/ jim


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