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To: orkrious who wrote (275368)	1/27/2004 7:12:41 PM
From: orkrious	Read Replies (1) \| Respond to of 436258

from richard russell tonight I've never been a big fan of periodicity in markets, but I nevertheless find the subject fascinating. A month ago I read a very interesting piece that appeared on the 321Gold site by Y.T. Wong out of Hong Kong. Mr. Wong has obviously done an immense amount of research on the subject, and he has concluded that gold and hyperinflation appear in cycles separated in time by 55.80 years. The first Gold-Hyperinflation (G-H) period occurred in 1781. The American Revolution had rendered the continental currency worthless, and gold surged to 19.39 an ounces, a huge price at the time. 55.80 years later in 1837 there was a financial panic and a huge demand for gold -- the US government suspended free gold conversion. 55.80 years later in 1893 another financial panic occurred, gold was hoarded, and the discount rate surged to 36%. 55.80 years later in 1948, just after WW II, inflation raged in Hungary and Japan and the Chinese national currency became worthless. 55.80 years later takes us to the third quarter of 2004. Mr. Wong expects gold and inflation to begin to surge later this year. He further expects a gold explosion to last into 2005. Mr. Wong notes that gold started up from a low of 100 in August of 1976 and rocketed to 850 by January of 1980. This time the gold bull market started from 252 in August of 1999. Says Mr. Wong, "It is not unreasonable to expect a much higher peak for the present bull market."