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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (3842)	4/13/2004 3:19:07 PM
From: TH	Read Replies (1) \| Respond to of 60925

Yogizuna, I agree, but the delayed report last month was very suspect, just like the labor report was. And the use of the new conversion standard for CPI only clouds the issue. The question of inflation for me is not "if" but "when". My position in gold is that we are going to get some inflation, and that the Fed is going to be very limited in its ability to raise rates. I think this will give gold a decent window for upwards movement. I also believe any strength in the dollar is limited and expect a decline of 10-30% from the current level over the next 1-2 years. Just for the record, I don't subscribe strongly to the concept of "they". The "they" is loosely the Fed. I think they are aware of the mess we are in, and they will do anything and everything to find a way out. I do not trust their data. And I think their credibility is already zero, but the Street has no problem with this. I don't think they have ever had a problem with this. Good Trading. TH