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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23209)	9/7/2002 8:58:12 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, the reason gold can't go up in $ is because human hourly rates are not going up. Gold value is related to people's time value and people match $ without inflation [so far - which has been great news for our great idol, Uncle Al, KBE designate]. Until there is hourly-rate inflation, gold is doomed to retain its anachronistic Aztec shiny bauble status. So, you should continue to expect 'trading range' action from gold [and platinum and silver and other baubles]. Those are my words of wisdom and now I'm off to enjoy yet another great 3D spring day. Hu will keep things on the straight and narrow and give a turbo boost to confidence. [Premature confidence there, but that's the angle I'm sticking with until I get something to the contrary]. China is the engine of the world's economy now. 1.2 billion people in a narrow demographic age range [not an African-style horde in the young ages] with all signals 'go'. Cruising past US$1000 GDP per capita while others wallow. That's 1.2 billion x $1000 = $1.2 trillion. While that's much less than the USA total GDP, it doesn't cost $4 for a latte in Beijing [I guess it's a few cents for a nice cup of tea]. CU, Mqurice