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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1761)	3/10/2004 10:07:22 PM
From: yard_man	Read Replies (3) \| Respond to of 116555

too much history. gold is more simple than that for me -- it is a put on the confidence in monetary authorities. Many have looked to history to say --- if all equities get whacked -- gold equities get whacked. That's nice -- the assumption contains the conclusion, but I don't think you can look at history and act like relationships are rock solid. For instance, contrary investor pted out in one of his columns that historically there has been a multi-month lag between the appearance of negative real interest rates and a rising CRB -- this go round CRB was up and out of the gate supposedly when they first appeared. Another example -- many look at prior decades and golds ascendancy with high interest rates and price inflation and think that gold is predicting the same outcome again. You can probably think of others -- that bear little to no relation to our current circumstance ...